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Press Release

Press Releases

UKIP: EU on banker´s bonuses - Shrek does masochism

UKIP press release

Reacting to overnight to EU Trilogue agreement on limiting the size of banker´s bonuses,

UKIP Economic Spokesman Godfrey Bloom said -

"The EU on banker's bonuses is like Shrek heading up some masochism event. This move is the European Parliament getting the boot into bankers for a bit of political pleasure, but it is totally misguided.

"It may give the EU a dirty satisfaction to punish financial people it hates, but this agreement just hurts ordinary workers and the economy in general.

"On a point of principle, It should be the shareholders of the banks who decide how much their employees get paid, not the EU. Where will this practice end up if applied across the board?

"This EU action will drive more ambitious banking talent outside of the EU thus further hurting the City of London.

"It also illustrates how weak and supine the British government really is in defending the interests of a vital British industry. If Osborne does not veto this at the next Ministers of Finance meeting, he might as well hoist up the white flag now, and kick bankers out of London himself."


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