Despite predictions from the Treasury that our economy will grow the news last week was pretty dire with the economy in fact shrinking again. This coupled with the news that the big banks, or even our banks; are to pay massive bonuses to the top risk takers (those that got us in this mess in the first place). Now the RBS is talking of paying their risk takers somewhere between £4 and £5 billion in bonuses which I think is disgraceful when you consider it took £20 billion of our money to save the bank in the first place.
Rather than pay themselves bonuses the bank should look at lending this money to hard up businesses and homeowners who struggle to raise the cash they need to prosper
Even the US have beaten this rotten government of ours to taking action by deciding to cap bonuses of those bankers who were bailed out in the US. The big question is where is Brown and Darling and why are they not taking similar action? The failure of our government to take decisive action is akin to “fiddling whilst Rome burns.”
Gordon Brown should seriously consider taking the advice of that other dour Protestant, Oliver Cromwell,
“You have been sat to long here for any good you have been doing. Depart, I say, and let us have done with you. In the name of God, go!.”