39979 2009-10 415 Dai Davies 2009-12-09 That this House regards the salaries and bonuses of the chief executives of the leading high street banks as totally unacceptable when public sector workers have had legitimate claims for wage rises rejected on the grounds that to grant them would increase inflation; notes that at the same time ordinary bank workers are themselves still facing the uncertainty of possible job losses; further notes the respective salaries before bonuses in financial year 2007-08 of four of the leading high street banks were £4.19 million for Sir Fred Goodwin, Chief Executive of the Royal Bank of Scotland, £2.8 million for Eric Daniels, Chief Executive of Lloyds TSB, £2.4 million for John Varley, Chief Executive of Barclays and £1.9 million for Andy Hornby, Chief Executive of HBOS; believes that the remuneration of the chief executive of each bank accepting taxpayers' money for recapitalisation should be reduced to the equivalent of the average of all its employees, with no end-of-year bonus and that United Kingdom registered banks should be subject to a significant multi-billion windfall tax to raise funds for public investment; and further believes that the Government should ensure that any bank in receipt of taxpayers' support should not make redundant any ordinary workers. Financial institutions Pay Dai Davies 2009-12-09 Proposed Blaenau Gwent Independent David Taylor 2009-12-10 Withdrawn North West Leicestershire Labour David Drew 2009-12-10 Seconded Stroud Labour Eric Illsley 2009-12-10 Seconded Barnsley Central Labour Rudi Vis 2009-12-10 Seconded Finchley and Golders Green Labour Ann Cryer 2009-12-14 Seconded Keighley Labour Robert Wareing 2009-12-14 Seconded Liverpool, West Derby Independent Bob Spink 2009-12-14 Signed Castle Point Independent Mike Hancock 2009-12-15 Signed Portsmouth South Liberal Democrat Mark Durkan 2009-12-15 Signed Foyle Social Democratic and Labour Party John Cummings 2009-12-15 Signed Easington Labour Michael Clapham 2009-12-15 Signed Barnsley West and Penistone Labour Martin Caton 2009-12-15 Signed Gower Labour John McDonnell 2009-12-15 Signed Hayes and Harlington Labour Kelvin Hopkins 2009-12-15 Signed Luton North Labour Marsha Singh 2009-12-16 Signed Bradford West Labour Alan Simpson 2010-01-07 Signed Nottingham South Labour Bill Etherington 2010-01-19 Signed Sunderland North Labour Eddie McGrady 2010-01-27 Signed South Down Social Democratic and Labour Party David Hamilton 2010-02-08 Signed Midlothian Labour