Cummins confident of action on bankers' pay

Seanad report: Seanad leader Maurice Cummins (FG) said he was confident that a way would be found in next month’s budget to …

Seanad report:Seanad leader Maurice Cummins (FG) said he was confident that a way would be found in next month's budget to deal with the controversial issue of senior bankers' remuneration.

He was responding to party colleague Fidelma Healy-Eames, who said the public was seething over the level of pensions paid to top personnel in banks that had been bailed out by the taxpayers. A way must be devised by the Government to tackle this issue, whether by a surtax on everyone earning above €100,000, or by some other method, she said.

Mr Cummins said there was undoubted resentment among the public and, indeed, politicians, over this matter.

Pointing out that the budget would be announced early next month, he added: “Let us await the response of Government in relation to bankers’ pay and pensions at that particular point in time.”

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