Mandelson and Osborne only waking to significance of bankers' pay in heat of election
April 3, 2010 1:05 PM
'It's interesting that Lord Mandelson and George Osborne are only just waking up to the significance of all of this in the heat of an election' said the Liberal Democrat Shadow Chancellor.
Commenting on Lord Mandelson's attack on Bob Diamond, the president of Barclays, as the 'unacceptable face' of banking, Vince Cable said:
'The Liberal Democrats were warning about the potential problems of extremely highly paid executives at Barclays Capital 18 months ago.
'It's interesting that Lord Mandelson and George Osborne are only just waking up to the significance of all of this in the heat of an election.
'The issue the Liberal Democrats have been raising is why it's possible for extremely generous remuneration packages to be paid in a bank that has been taking such high risks and which relies on the taxpayers' guarantee.'
