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PM: RBS 'should be back-marker' on bonuses

2011-01-09 220 Dailymotion

<p><br /> Royal Bank of Scotland should not be "leading the way" when it comes to bankers' bonuses, the Prime Minister has said.<br /> </p><p><br /> But David Cameron warned against "banker-bashing", saying that it was too easy to make banks the "scapegoats" for the recession.<br /> </p><p><br /> Mr Cameron's comments came after it was reported RBS chief executive Stephen Hester will take home an estimated £6.8 million in bonuses, salary and other payments this year.<br /> </p><p><br /> Mr Cameron said the details of Hester's pay packet was "pure speculation" but warned RBS should not be paying out massive bonuses.<br /> </p><p><br /> He told the BBC's Andrew Marr Show: "On the general, I want to see the bonus pool smaller than last year, on the specific, Royal Bank of Scotland, as you rightly say, is owned by the Government.<br /> </p><p><br /> "They should not be leading the way on bonuses, they should be a back-marker."<br /> </p>

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