Bonus Balls


I thought the comments yesterday of Royal Bank of Scotland chief - Stephen Hester - were very dignified after a tough week - in which he had been turned into Public Enemy No. 1.

Mr Hester revealed that he had thought of resigning his post at one stage - but decided in the end to soldier on and in doing so - to give up the £963,000 bonus he was entitled to receive.

Now I think Stephen Hester made the right decision.

Because the public don't see the connection - between the performance of the bank the general state of the economy.

So how can it be good value for public money to offer an already well paid chief executive - a big bonus worth hundreds of thousands of pounds?

But if I were Stephen Hester I would take things a stage further - by asking how it can be good value for public money to provide all of our Westminster MPs with state of the art ipads - at a cost of £250,000 to the public purse?

In fact I would ask the leader of the opposition - Ed Miliband - why he has nothing to say about the extra-parliamentary earnings of his brother - David Miliband?

Which the Private Eye put at £400,000 the other day.

To my mind MPs earning such huge sums of public money - bring the House of Commons into disrepute.

Because they cannot possibly be devoting their energy into the day job of representing their constituents - to best effect.

For which they are already paid around £65,000 - plus generous personal expenses and other office costs.

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