Monday, 26 October 2009

Osborne at it again.

High Street banks should be banned from paying bonuses above £2,000 in cash, the Conservatives have said. Shadow chancellor George Osborne argued that the banks should allowed giving out large bonus payments only in form of shares in the company. The Tories claim this could free-up to £20bn which could then be lent to businesses and consumers. But the

Liam Byrne, chief secretary to the Treasury, said: "Mr Osborne's hypocrisy beggars belief. The Tories have fought against every plan we've delivered to support jobs and businesses."

He added that the Conservative plans would "water down the toughest rules in the world", saying: "I can't understand the logic of that."

My Comment over George Osborne.

I agree with the Treasury, because The Conservative Party like David Cameron and George Osborne opposed real help with businesses. Let wait see what the Conservative Party say next pre budget report next couple of weeks.