Project Merlin lacks any magic - Unite reaction to banking
statement
9 February 2011
Len McCluskey, Unite general secretary, said: “The announcement
by the chancellor is the clearest demonstration yet that this
government has failed to make any progress on reforming the banking
sector. The top bankers will sleep easy tonight knowing their
bumper bonuses will continue to be paid with no threat to their
extravagant lifestyles.
“We - the taxpayer - continue to finance the greedy executives
while this government continues to cosy up to them in secret
negotiations which have no effective outcome. The only change will
be that a handful of banking executives will have their lottery pay
figures revealed, though nobody will be any the wiser as to who the
real top earners are.
“In what way will this feeble deal protect the hundreds of
thousands of front line staff in our banks and public services who
have lost their jobs as a consequence of the total failure to
properly regulate the financial services industry?”
ENDS
For more information please contact: Saba Mozakka, Unite press
office on: 07768 639 953.
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