Banking sector needs root and branch reform, not a review of bonuses

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date: Monday 9 February 2009

embargo: For immediate release

Commenting on the Government's announcement today (Monday) of a review of bankers' bonuses, TUC General Secretary Brendan Barber said: 'The determination of Britain's bankers to hang on to their bonuses show just how broken down the banking model has become.

'We do not need a review of bonuses, but a root and branch reform of the whole banking sector and the employment of people who do a fair day's work for a fair day's pay, not expect a bonus to get out of bed in the morning.'

NOTES TO EDITORS:

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