Astonishing that George Osborne’s priority has been to spend taxpayers’ money fighting a cap on bankers’ bonuses - Cathy Jamieson

[labourpress]

Cathy Jamieson MP, Labour’s Shadow Financial Secretary to the Treasury, commenting on the Advocate General of the European Court of Justice’s opinion on the government’s legal challenge against the EU bonus cap, said:

“While working people face a cost-of-living crisis and lending to business is falling it’s astonishing that George Osborne’s priority has been to spend taxpayers’ money fighting a cap on bankers’ bonuses.

“It shouldn’t have taken the EU to act to rein in excessive bonuses, but there has simply been no action from the Chancellor here in Britain.

“We will repeat Labour’s tax on bank bonuses and use the money to fund a paid starter job for every young person out of work for over a year.”

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