TAX ON BONUS PAYMENTS TO BANKERS

Early day motion 1847, tabled 9 July 2009 by Richard Younger-Ross (Liberal Democrat). Signed by 40 members.

That this House notes the continued payment of bonuses to bankers; recognises that in some circumstances a bonus may be justified but believes that the bonuses being paid are generally excessive; and therefore calls on the Government to limit bonus payments to bankers by applying a 90 per cent. tax on all bonus payments in excess of 15 per cent. of salary.

Signatures by party: Labour 22, Liberal Democrat 8, DUP 4, Independent 2, Social Democratic and Labour Party 2, Plaid Cymru 1, Scottish National Party 1.