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Banking Sector

EDM number 1721 in 2008-09, proposed by John McDonnell on 22/06/2009.
Categorised under the topics of Financial institutions, Pay and Regulation.

That this House notes that the Government bailed out the Royal Bank of Scotland (RBS) with billions of pounds of taxpayers' money and now has a 70 per cent. stake in the banking group; further notes that since that time RBS has announced more than 10,000 job losses; is appalled that the new Chief Executive has been awarded a pay deal of up to £9.6 million, which represents nearly 3,000 times the income of one of the many ex-RBS staff members now claiming jobseeker's allowance; notes with concern reports that Goldman Sachs will be paying out the biggest bonus payouts in the firm's 140 year history; and therefore believes that the Government must now intervene to control the banks in which it has a public stake and legislate to ensure the interests of bank workers and customers are prioritised by the banks rather than the bonuses, pay and dividends of executives and shareholders who caused the UK banking crisis.

This motion has been signed by a total of 47 MPs.

MPDateConstituencyPartyType
John McDonnell22/06/2009Hayes and HarlingtonLabourProposed
Bob Spink23/06/2009Castle PointIndependentSeconded
Jeremy Corbyn23/06/2009Islington NorthLabourSeconded
Andrew Dismore23/06/2009HendonLabourSeconded
David Taylor23/06/2009North West LeicestershireLabourSeconded
David Drew23/06/2009StroudLabourSeconded
Lynne Jones23/06/2009Birmingham, Selly OakLabourSigned
Ann Cryer23/06/2009KeighleyLabourSigned
Robert Wareing23/06/2009Liverpool, West DerbyIndependentSigned
Hywel Williams23/06/2009CaernarfonPlaid CymruSigned
Linda Riordan23/06/2009HalifaxLabourSigned
Glenda Jackson24/06/2009Hampstead and HighgateLabourSigned
Mark Durkan24/06/2009FoyleSocial Democratic and Labour PartySigned
Martin Caton24/06/2009GowerLabourSigned
Elfyn Llwyd24/06/2009Meirionnydd Nant ConwyPlaid CymruSigned
Kelvin Hopkins24/06/2009Luton NorthLabourSigned
Paul Holmes24/06/2009ChesterfieldLiberal DemocratSigned
Ken Purchase24/06/2009Wolverhampton North EastLabourSigned
Mark Lazarowicz25/06/2009Edinburgh North and LeithLabourSigned
Harry Cohen25/06/2009Leyton and WansteadLabourSigned
John Cummings25/06/2009EasingtonLabourSigned
Janet Dean25/06/2009BurtonLabourSigned
David Hamilton26/06/2009MidlothianLabourSigned
Mike Hancock29/06/2009Portsmouth SouthLiberal DemocratSigned
Roger Godsiff30/06/2009Birmingham, Sparkbrook and Small HeathLabourSigned
William McCrea30/06/2009South AntrimDUPSigned
Bob Russell01/07/2009ColchesterLiberal DemocratSigned
David Simpson01/07/2009Upper BannDUPSigned
Ronnie Campbell01/07/2009Blyth ValleyLabourSigned
Rudi Vis01/07/2009Finchley and Golders GreenLabourSigned
Marsha Singh02/07/2009Bradford WestLabourSigned
Brian Jenkins02/07/2009TamworthLabourSigned
Sandra Osborne02/07/2009Ayr, Carrick and CumnockLabourSigned
Bill Etherington02/07/2009Sunderland NorthLabourSigned
Paul Rowen02/07/2009RochdaleLiberal DemocratSigned
Andrew Stunell06/07/2009Hazel GroveLiberal DemocratSigned
Iris Robinson07/07/2009StrangfordDUPSigned
John Mason09/07/2009Glasgow EastScottish National PartySigned
Alan Simpson14/07/2009Nottingham SouthLabourSigned
Gregory Campbell14/07/2009East LondonderryDUPSigned
Nigel Dodds20/07/2009Belfast NorthDUPSigned
Evan Harris21/07/2009Oxford West and AbingdonLiberal DemocratSigned
Lindsay Roy21/07/2009GlenrothesLabourSigned
Don Foster12/10/2009BathLiberal DemocratSigned
Alasdair McDonnell13/10/2009Belfast SouthSocial Democratic and Labour PartySigned
Frank Cook13/10/2009Stockton NorthLabourSigned
Katy Clark21/10/2009North Ayrshire and ArranLabourSigned

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