Lord Watts
Main Page: Lord Watts (Labour - Life peer)Department Debates - View all Lord Watts's debates with the HM Treasury
(11 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sajid Javid
I agree. We have talked about Stephen Hester and the role he has played in bringing the bank back from the brink, but that would not have been possible without the dedicated staff that RBS has had, and we must never forget the contribution they have made in repairing the bank.
Mr Dave Watts (St Helens North) (Lab)
It is clear from the Minister’s statement that the Chancellor has sacked the chief executive. Can the Minister assure the House that there is no gagging clause in the chief executive’s contract when he leaves with his package of £5 million that will stop him setting out his own views on when RBS should be sold?
Sajid Javid
I do not know whether the hon. Gentleman was listening to the statement I made. If he was, he would realise that the RBS board made this decision.