Wednesday, 6 March 2013

Prime Minister's Questions: Cameron Out of Touch on Bonuses, Says Miliband

BBC: Labour leader Ed Miliband has accused David Cameron of being "out of touch" for opposing European Union plans to cap bankers' bonuses.

He claimed the prime minister was "straining every muscle" to help the rich while doing little for the poor.

But Mr Cameron said the Labour leader wanted to "play and pose politics", while the UK needed to do all it could to attract the world's largest banks.

The UK was the only EU country to oppose the cap in a vote on Tuesday.

Under the plan, bonuses would be limited to 100% of a banker's annual salary - or to 200% if shareholders approve.

During a lively Prime Minister's Questions session, Mr Miliband said Mr Cameron and Chancellor George Osborne were the only people who thought it was "a priority to fight for bigger bonuses". » | Wednesday, March 06, 2013

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