A couple of weeks ago David Cameron said that “big rewards” for corporate failure “make people’s blood boil” and that the Government would now prepare new rules which will give shareholders the legal right to veto excessive pay packages.
So what does he do when the Royal Bank of Scotland - in which the government holds an 83% share on our behalf - award chief executive Stephen Hester a £963,000 bonus on top of his £1.2million salary?
Nothing. Nada. Zilch. Zip.
Typical Cameron: big talk, little action.
All in this together? Not likely.
The Tories will always protect their cronies in the City.