Tuesday, 25 January 2011

Leaked papers: Cameron secretly fought tougher rules on bank bonuses

As bonus season rolls on and the banks procrastinate about what minuscule social good they might undertake,  Tribune magazine has received a leaked copy of a Treasury paper that reveals that the public pronouncements by senior Conservatives were not matched by action.

Quite the opposite in fact: it appears that the UK government actively lobbied to water down relatively modest action on bank bonuses.

The Tribune story is here, and the Guardian has now covered the story here.

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