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News Story

27/01/12 10:25

Boris Johnson bonus attack "contrived and opportunistic"

Responding to Boris Johnson's reported criticism of RBS's decision to award Stephen Hester a bonus of almost £1 million, Labour's leader on the London Assembly, Len Duvall, said: "People should remember that Boris Johnson is the bankers' mayor. They back him with money and he backs them with unflinching political support. This contrived and opportunistic attack on one man's bonus, months away from a mayoral election, won't fool anybody."

Boris Johnson - the bankers' friend

  • Boris Johnson said people should stop "whingeing" about bankers' bonuses
  • He said attempts to regulate the banks are "neo-socialist clap-trap"
  • He described anger at bonuses as "schadenfreude at the bankers who have been punished"
  • 77 per cent of Boris Johnson's 2008 election donations came from banks, hedge funds and private equity
  • He said today, "I'm a great defender of the bankers … I will continue to stick up for the bankers"
  • He awarded Barclays bank sponsorship of his hire bikes "on the cheap" – a deal described as "payback" for his support of bankers
  • He appointed Bob Diamond - in line for a reported £10 million bonus this year - as a key adviser

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