THE TIMES: Sir Fred Goodwin could be stripped of his knighthood, David Cameron signalled today, as he vowed to take on an “out of control” City bonus culture. The Prime Minister said that the honour awarded the former RBS chief would be examined by a senior Whitehall committee with the power to revoke it. He also said that the cash element of bonuses paid this year to staff at RBS, which is 83 per cent owned by the taxpayer, would be restricted to £2,000, the same as last year. Mr Cameron’s comments followed a speech in which he sought to champion the moral power of markets, insisting that the Conservatives were best placed to re-shape the economy from “this crisis of capitalism”. Sir Fred’s knighthood, which was awarded by Gordon Brown, has attracted increasing ire from MPs of all parties since… » | Roland Watson, Jenny Booth and Patrick Hosking | Thursday, January 19, 2012 [£]
