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Friday, 29 August 2014

Come clean on Northern Rock bonuses

Northern Rock has announced reduced losses in 2009, losing only £383 milllion.

Despite this the bank will pay out bonuses of £14.9m.

These can only be from the massive injection of UK taxpayers monies.

The Chief Executive Gary Hoffman has stated that he will waive his £700,000 bonus – an amount for service in one year that in itself is 35 years of income for someone earning £20,000 a year. These bonuses are nothing other than obscene.

It is time that Labour and the Tory opposition told us how they would end this culture.

AJ STUBBS
Broad Street
Carlisle

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