THE Prime Minister assures us that the wage bill at the state owned Royal Bank of Scotland will fall in the coming year.
Certainly the reports of bonuses at RBS are a scandal.
RBS is due to sell its English branches to a firm of venture capitalists in the next few months.
Its English branches are to be rebranded as Williams and Glyns, at great expense to taxpayers first.
I wonder if the PM’s promise that the RBS wage bill is to come down relates to the bank not paying any more wages for the English former RBS employees, rather than any real attempt to reform bonuses, at the loss-making state owned RBS in 2014.