Goldman Sachs bonus payments - response from Chris Leslie MP

15 January 2013

Chris LeslieChris Leslie MP, Labour's Shadow Treasury Minister, responding to reports that Goldman Sachs has decided not to defer this year's bonus payments until after the top rate of income tax is cut on 6 April, said:

“Goldman Sachs has made the right decision, but the fact remains that from April thousands of bankers and millionaires will get a huge tax cut from David Cameron and George Osborne.

“The Government should drop their plan to give a £3 billion tax cut to the richest people in the country while slashing tax credits for millions of working people on modest incomes. And they should repeat Labour's bank bonus tax to fund a guaranteed job for young people out of work.

“Thanks to George Osborne's tax cut for millionaires, next year's bonus round looks set to be very lucrative for thousands of bankers. It's no wonder this out of touch Government can no longer say we are all in this together.”