PAY AND BONUSES IN US BANKS

Early day motion 2296, tabled 20 October 2008 by Harry Cohen (Labour). Signed by 41 members.

That this House notes the report in the Guardian newspaper of 18th October 2008 that pay and bonuses to be paid by Wall Street's top banks are set to exceed $70 billion, a substantial proportion being in bonuses; further notes that this is equivalent to 10 per cent. of the US administration bail-out package; and considers that, by their slackness and propensity to succumb to greed, the US authorities are not pulling their weight in the global rescue efforts.

Signatures by party: Labour 27, Liberal Democrat 6, DUP 2, Independent 2, Social Democratic and Labour Party 2, Plaid Cymru 1, Scottish National Party 1.