article_snippet: with campaigners criticising Chancellor George Osborne for failing to stamp out fat-cat pay at RBS.
article_snippet: Labour MP John Mann, a member of the Treasury select committee added: ‘Here is a bank that’s not doing very well that the taxpayer owns and has underwritten,
article_snippet: not very successful bankers get paid so much money?’
article_snippet: Jonathan Isaby, chief executive of the TaxPayers’ Alliance, criticised Mr Osborne for not doing more to curb pay at RBS, which is still 79 per cent owned by taxpayers.
article_snippet: Jonathan Isaby, chief executive of the TaxPayers’ Alliance said: ‘Ultimately pay deals need to be approved by shareholders, and at RBS that includes taxpayers.
article_snippet: The Chancellor needs to be far more engaged in the process than The Chancellor is now, and ask the board to justify these salaries.
article_snippet: ‘Until the investment bank is able to stand on the investment bank own two feet, rather than being propped up by taxpayers, the investment bank should show more restraint on pay.