THE DAILY TELEGRAPH: Bankers and financiers in the City will no longer be allowed to claim unjustified cash bonuses, David Cameron pledges today.
In his New Year message, the Prime Minister says the Government will “tackle excess in the City”, with the same energy that it is clamping down on benefits cheats.
Mr Cameron also says he is “determined” to sort out public services, bringing schools and hospitals up to scratch, and helping police catch more criminals.
Mr Cameron says the Government had "clear and strong plans" to bring down the deficit, which were giving "some protection from the worst of the debt storms now battering the eurozone".
But he warns the economy is only safe “for now” from the crisis afflicting Eurozone countries, and says he will be “bold, confident and decisive” about the future.
Mr Cameron’s comments came shortly after the leaders of Germany and France used their New Year messages to brace their populations for more tough times.
German Chancellor Angela Merkel said “next year will no doubt be more difficult than 2011”, while French President Nicolas Sarkozy said there had to be structural changes to the French economy.
He said: “I know that the lives of many of you, already tested by two difficult years, have been put to the test once more. You are ending the year more worried about yourselves and your children.”
In his 650 word television address, Mr Cameron says that this year his Government “will be bold about working to cure the problems of our society”, focusing particularly on unjustified rewards for the very wealthy. Read on and comment » | Christopher Hope, Senior Political Correspondent | Monday, January 02, 2012
My comment:
"Time to end excess in the City", says Cameron. What's taken him so long to come to this conclusion? It's elementary. But having said that, I believe these are merely sweet words on Cameron's part to appease the angry electorate. I doubt very much that anything meaningful will be done about bankers' excesses by Cameron and his cronies. – © Mark
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