Labour: no Hester bonus

City A.M. Reporter
LABOUR leader Ed Miliband yesterday challenged David Cameron to block a bonus for RBS chief executive Stephen Hester which many think will be around £1m.

He said the coalition’s treatment of Hester would be a test. He told the BBC: “Taxpayers are still, you know, footing the bill for what’s happening at the Royal Bank of Scotland. You know if responsibility means anything, I don’t think he should be getting his bonus.”

The RBS remuneration committee meets on Wednesday and Cameron has so far said the bank’s bonuses would be lower than last year.