Billy Bragg steps up campaign against bankers’ bonuses


15 Feb 2010

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The UK singer Billy Bragg stepped up his campaign over the weekend against the payment of large bonuses to executives at the largely taxpayer-owned bank, Royal Bank of Scotland (RBS).

Bragg (52) signed a petition outside RBS’s former headquarters in St Andrew’s Square, Edinburgh, on Saturday.

He is refusing to pay tax on his own earnings until the UK Government imposes a limit of £25,000 on RBS bonuses, and is calling on others to do the same.

As part of his online campaign, Bragg is calling for people to send letters to UK Chancellor Alistair Darling to tell him that they are withholding their tax payments until he acts on bank bonuses.

“Emails may be easier to send, but they are just as easy to delete. Sacks full of angry letters landing on the chancellor’s desk are harder to dismiss,” Bragg added.

Bragg’s Facebook group NoBonus4RBS has so far been backed by more than 30,000 supporters.

RBS, which is now 84pc-owned by the UK taxpayer, is expected to pay millions of pounds in bonuses to its investment bankers this year.

Article courtesy of Businessandleadership.com