Peter Hain Targets City Fat Cats

PERMA-TANNED Welsh Secretary Peter Hain launched his Labour deputy leadership tilt by declaring war on the City. (Pic: The Spine)

The apartheid-activist turned Iraq War apologist wants the enormous bonuses paid out in the City to be capped and warned that Government could step in if the “staggering” bonuses aren’t curtailed.

Speaking at the launch of his campaign for the pretty pointless job of Deputy Leader of the Labour Party, the 57-year-old says: “We should take some immediate measures to promote a greater sense of responsibility in Britain’s boardrooms. British citizens who do not pay their tax in the UK should not receive honours, write government reports or become members of quangos. They should not be allowed to serve in a reformed House of Lords.”

An end to City excess? Responsibility in Britain’s boardrooms? Is he deliberately trying to undo everything Tony Blair has achieved in the last 10 years?

Speaking of the outgoing Prime Minister, hundreds of gifts given to Blair during his stint at leader are to be sold off in a high-class yet low-key sale.

Anorak

Posted: 22nd, May 2007 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink