Oral Answers to Questions

Nia Griffith Excerpts

Wednesday 12th February 2014 Commons Chamber

[Mr Jones]

I entirely agree with the hon. Gentleman: my hon. Friend the Member for Aberconwy (Guto Bebb) has indeed done a great deal. If the hon. Gentleman wishes to write to me about the individual case that he mentioned, I will investigate it further.

[Nia Griffith (Llanelli) (Lab)]

Given that banks are still not doing enough to help entrepreneurs in Wales, does the Secretary of State support his right hon. Friend the Chancellor in his legal pursuit of the European Union to prevent it from capping bankers’ bonuses?

[Mr Jones]

The position on bankers’ bonuses is entirely clear. In respect of the banks in which the Government have a shareholding, my right hon. Friend the Prime Minister has already said that there will be no cash bonuses of more than £2,000 at RBS and Lloyds Banking Group, and that the Government will veto any proposals to increase overall pay—that is, pay and bonus bills—at RBS.