It's reported that the Royal Bank of Scotland (RBS), which received £20 billion of taxpayers' money, plans to pay out £1 billion of it in bonuses to bankers and traders.
This from a bank that last year posted losses of £28 billion.
We believe this is morally and economically outrageous and the bonuses should be stopped.
The taxpayer owns 68% of RBS so we are now ALL shareholders.
So as shareholders, we therefore call on the board of RBS to announce that their bankers and traders will receive NO bonus this year.
Monday, 9 February 2009
No bonuses for failure
Sign the petition at www.giveupthebonus.co.uk, organised by John Prescott and the Go Fourth campaign. It had over 7000 signatures just now.