Government at sixes and sevens on bankers pay

7.12.00pm GMT Thu 26th Nov 2009

Speaking about the Government's response to the Walker report, Liberal Democrat Shadow Chancellor, Vince Cable said:

"Government ministers appear to be at sixes and sevens on bankers remuneration. Today Alastair Darling confirmed that he supports the Walker Report and is opposed to disclosing remuneration details of individuals.

"Lord Myners as City Minister took a different view, since several months ago he called for individuals to be named. Now he appears to have done a U-turn on this issue.

"This is a pathetic climb-down in the face of a feeble report by a City insider who has fallen over backwards to do nothing to tackle the most Neanderthal elements in the banking community.

"Only the Liberal Democrats have been absolutely clear and consistent in calling for full disclosure of bankers remuneration above that of the Prime Minister."

Notes

In an interview on the Daily Politics on 26 November 2009 Lord Myners stated that following the Interim report produced by David Walker earlier this year, one of the suggestions which he submitted included 'naming names'

(See http://www.bbc.co.uk/iplayer/episode/b00p6sjp/b00p6shj/The_Daily_Politics_26_11_2009/)

http://www.guardian.co.uk/business/2009/sep/23/g20-executive-pay-banks