No bank bonuses over £2,000

David Cameron has stressed that no cash bonuses over £2,000 should be paid to any employee of a bank which has a significant taxpayer shareholding.

In an interview on the BBC Politics Show, David said, “People who work hard are seeing billions of pounds of their tax money being paid out and are rightly angry about it.”

And he attacked Gordon Brown for failing to put conditions in place to limit the bonuses paid by those banks that have taken taxpayers’ money - RBS, Lloyds, B&B and Northern Rock.

“Unfortunately the only action the Government has taken is to announce a review into bonuses which will not report until the end of the year.  Because of this dithering we could see bonuses being paid out for a second year to executives in taxpayer owned banks which is unacceptable.”

Putting the limit at £2,000 would mean bank tellers are not unfairly punished.