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Low Wages for Workers but big bucks and bonuses for banksters

Mike Gapes slammed Tory PM Cameron at Prime Ministers Questions on 1 Feb 2012.

Mike Gapes (Ilford South) (Lab/Co-op): In opposition the Prime Minister told millions on TV:

“If you work hard, I’ll be behind you.”

RBS, which is 82% state-owned, has not signed up to pay the living wage of £8.30 per hour in London and £7.20 elsewhere for all its staff and contractors. Why do his Government support low wages for workers but big bucks and bonuses for banksters?

The Prime Minister: I thought that by referring to standing up for people who work hard the hon. Gentleman was beginning to get the hang of it and that we might have had a supporter tonight. What this Government have done with RBS is radically cut the bonus pool, which was massive under Labour; say that there should be a £2,000 cash cap, unlike the massive cash increases under Labour; and begin to get that bank under control.

http://www.bbc.co.uk/news/uk-politics-16831798

 

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