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Bank Pensions

EDM number 1214 in 2008-09, proposed by Michael Meacher on 30/03/2009.
Categorised under the topic of Financial institutions.

That this House notes that Sir Fred Goodwin has been awarded a pension of £703,000 a year even though he presided over a 95 per cent. fall in the stock market value of the Royal Bank of Scotland when he was Chief Executive leaving the bank with a deficit of £28 billion, the biggest corporate loss in British history; and believes that bankers' pensions should be calculated on the appropriate percentage of accumulated lifetime earnings, and then adjusted in the same proportion as the change in the value of the company under their watch.

This motion has been signed by a total of 24 MPs.

MPDateConstituencyPartyType
Michael Meacher30/03/2009Oldham West and RoytonLabourProposed
Kelvin Hopkins30/03/2009Luton NorthLabourSeconded
Lynne Jones30/03/2009Birmingham, Selly OakLabourSeconded
Andrew George31/03/2009St IvesLiberal DemocratSeconded
Ann Cryer31/03/2009KeighleyLabourSeconded
Mike Hancock31/03/2009Portsmouth SouthLiberal DemocratSeconded
Martin Caton01/04/2009GowerLabourSigned
Dai Davies01/04/2009Blaenau GwentIndependentSigned
David Chaytor02/04/2009Bury NorthLabourSigned
David Drew02/04/2009StroudLabourSigned
John Mason02/04/2009Glasgow EastScottish National PartySigned
David Hamilton20/04/2009MidlothianLabourSigned
Jim Devine20/04/2009LivingstonLabourSigned
Betty Williams20/04/2009ConwyLabourSigned
Alasdair McDonnell20/04/2009Belfast SouthSocial Democratic and Labour PartySigned
Harry Cohen21/04/2009Leyton and WansteadLabourSigned
John McDonnell22/04/2009Hayes and HarlingtonLabourSigned
Andrew Dismore22/04/2009HendonLabourSigned
Mark Durkan22/04/2009FoyleSocial Democratic and Labour PartySigned
Mark Williams22/04/2009CeredigionLiberal DemocratSigned
Lindsay Roy23/04/2009GlenrothesLabourSigned
Michael Clapham24/04/2009Barnsley West and PenistoneLabourSigned
Linda Riordan29/04/2009HalifaxLabourSigned
Brian Jenkins30/04/2009TamworthLabourSigned

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