Alistair Darling has catapulted a fresh attack on the bank bonuses- and revealed that he was ready to bring new laws to harness them. The Chancellor’s recent warning, just another among the several warnings given by government over the past twelve months, came in the wake of the announcement that Barclays made. The announcement was that it was awarding £30million reward pay just to five of their staff.
Figures over the last year have shown that the bankers received £7.6billion in their bonuses even though their enterprise has brought down the economy to such pathetic stage. Supporting comments that Mr. Darling made last February, he said that the civilians were rightly angry on how the banks behaved. He even added that if change in law was needed, that could be done too. Also, he has holds some traders responsible for the numerous problems that have blown up recently.
Right now the government is facing utter pressure to make stringent laws after FSA failed to get tougher with the respective banks. George Osborne, who is a Shadow Chancellor, insists that everything should stop now. Which is what Darling had said six months ago.