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.
City A.M. Reporter