This article was last updated on April 16, 2022
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U.K. Prime Minister, David Cameron has accused the Labour Leader, Ed Miliband of hypocrisy during heated exchange of dialogue over the bankers’ pay but told later by the Speaker to withdraw the word.
The clash started over the question of bankers’ bonuses as Mr. Miliband demanded that the government publish a list of all bankers’ earning more than £1m.
David Cameron has claimed earlier that his government had the “toughest and most transparent regime of any major financial centre in the world” and banks would publish the pay of their top eight executives which was never happened in the 13e years’ regime of labour government. In response, the Labour leader has blamed PM of showing lack of leadership and called for a published list indicating the names and salaries of top earners in banks.
In defense, Mr. Cameron has said accused the last Labour government of approving an RBS bonus pool of £1.3bn. He has out rightly rejected the Labour leader’s demand to install workers on firms’ remuneration committees and to disclose how many bank employees were paid over £1 million. The clash began over bonuses at RBS hours after Fred Goodwin was stripped of his knighthood
Mr. Miliband said has told that the legislation requiring banks to disclose employees being paid more than £1 million was already on the statute book and could be implemented by ministers. He has also added that the Chancellor, George Osborne had supported the reforms before taking over office but did not perform accordingly.
Mr. Cameron replied directly of accusing last government of hypocrisy and was forced later on to withdraw the comment after Commons Speaker, John Bercow has ruled: “The use of the word hypocrisy in relation to an individual Member is not parliamentary.”
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