UK Politics

Liberal Democratic Party: Bank cannot hold taxpayer to ransom says Cable

Press Release   •   Dec 03, 2009 10:26 GMT

"The Government must finally take control," said the Liberal Democrats Shadow Chancellor.

Commenting on reports that RBS Directors may resign if the Chancellor of the Exchequer were to block  £1.5bn in banker’s bonuses, Vince Cable said:

“I would welcome their resignations, as the bank cannot hold the taxpayer to ransom.

“As a state run bank, the Government must finally take control and ensure that both its pay and lending practices are in the public interest."