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Jean Lambert London's Green MEP

City MEP welcomes EU cap on bankers’ bonuses

LONDON’S Green Party MEP Jean Lambert has welcomed a new cap on bankers’ bonuses across the EU agreed by finance ministers yesterday.

Bankers bonuses across the EU will now, subject to MEPs’ agreement next month, be limited to the amount of their annual salary – despite opposition from UK Chancellor of the Exchequer George Osborne.

Ms Lambert said: “I welcome this move wholeheartedly – Greens at every level of Government have been calling for a bankers’ bonus cap for years.

“Coming hot on the heels of an EU agreement to implement a tax on Financial Transactions – or ‘Robin Hood Tax’ – this shows that the EU is more in touch with most people’s wishes than the current Tory Government. It’s no wonder so many right-wingers want us to leave!”