Prescott gets blogging and twittering against RBS bonuses


Prescott gets blogging and twittering against RBS bonuses

Antony Savvas

The Labour Party is using a range of web services to shame the Royal Bank of Scotland into cancelling £1bn of potential bonuses for bankers and traders.

The RBS has received £20bn in public funds and former deputy prime minister John Prescott is publicising a Labour-organised online petition to get the bonuses stopped.

"This from a bank that last year posted losses of £28bn," reads the petition, powered by online petition provider iPetitions.

"We believe this is morally and economically outrageous, and the bonuses should be stopped. The taxpayer owns 68% of RBS so we are now all shareholders."

Prescott is using his Prescott Express blog - part of the Campaign for a Labour Fourth Term - and a new Twitter account to back the opposition to the bonuses.

Sceptics could ask why senior Labour figures are using lobbying tactics when the party is in the driving seat to do something about the bonuses, considering the government owns the lion's share of the bank.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy