RBS Bonus Day Banter

No invite to Davos for Chuka Umunna. After comparing running RBS to being a local NHS Chief Executive, the acceptable face of Milibandism told the Today programme that bonuses should be linked to performance. He failed to mention that Stephen Hester’s bonus will do exactly that. RBS are not giving him cash, but share options worth £963,000. He will not be able to claim it until 2014, so if RBS shares drop, his bonus will drop. With no one willing to take Chuka on this morning, it was left to John Humphrys to paint the picture of doom at what would have happened to RBS, and taxpayers’ money, if Hester and his board had walked out.

Elsewhere LibDem Jeremy Browne has said Hester should turn the bonus down. Interesting positioning from the right-wing LibDem.

Lining up for Huhne’s job?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jo Swinson on Chris Rennard…

“Vince — and Tim before him — have repeatedly, publicly said Rennard is not welcome anywhere near their frontbench team, even as an adviser. I remain deeply frustrated that he was not expelled from the party through its disciplinary process. It just feels wrong, and I do not want Lord Rennard to continue as a member of the party. As far as I am concerned, he is not welcome.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Corbyn Goes Shouty Crackers Corbyn Goes Shouty Crackers
OBR: Hammond’s Budget Rabbit Will Increase House Prices OBR: Hammond’s Budget Rabbit Will Increase House Prices
Hammond’s Banter Budget: All The Jokes Hammond’s Banter Budget: All The Jokes
Watch: Corbyn’s Black Rod Message Backfires Watch: Corbyn’s Black Rod Message Backfires
Budget Pic Budget Pic
Putin: Alex Salmond is Not a Kremlin Propagandist Putin: Alex Salmond is Not a Kremlin Propagandist
Gilbert and George Come Out as Brexiteers Gilbert and George Come Out as Brexiteers
Rudd Missed Key Brexit Vote Last Night Rudd Missed Key Brexit Vote Last Night
Top Corbynista Compares Mugabe to Queen Top Corbynista Compares Mugabe to Queen
Owen, Piers, Guido Three-Way Owen, Piers, Guido Three-Way
EU Game Teaches Kids to “Collect More Taxes” EU Game Teaches Kids to “Collect More Taxes”
Kezia: I’m A Hypocrite, Get Me Out of Here Kezia: I’m A Hypocrite, Get Me Out of Here
Siemens to Cut European Jobs, Expand in UK Siemens to Cut European Jobs, Expand in UK
WATCH: DD Meets Cliff Edge WATCH: DD Meets Cliff Edge
Momentum Plot to Treble Council Tax For 15,000 Households in Bristol Momentum Plot to Treble Council Tax For 15,000 Households in Bristol
75% of European Medicines Agency Staff Want to Stay in London 75% of European Medicines Agency Staff Want to Stay in London
Newsnight’s Royal Farce Newsnight’s Royal Farce
MPs’ Security Costs Rise 1395% MPs’ Security Costs Rise 1395%
Just 12% of MPs Vote to Stay in Customs Union Just 12% of MPs Vote to Stay in Customs Union
WATCH Scottish Labour Leader: “I Support England” WATCH Scottish Labour Leader: “I Support England”