Tuesday 26 September 2017

Bragg takes bonus protest to RBS HQ

Singer Billy Bragg is due to take his protest against the bonus payments to RBS headquarters
Singer Billy Bragg is due to take his protest against the bonus payments to RBS headquarters

Singer Billy Bragg is due to take his protest against the payment of large bonuses to the country's bankers to Scotland.

The musician is calling on Chancellor Alistair Darling to cap bonuses paid to chiefs at the bailed-out Royal Bank of Scotland.

The campaign currently has 30,000 online supporters.

Bragg, 52, is refusing to pay tax on his earnings until the Government imposes a £25,000 limit on the sum paid to RBS bosses.

He will speak at the site of the bank's former headquarters in Edinburgh's St Andrew's Square.

The singer-songwriter said: "At a time when we are being softened up for massive cuts in public services, neither Government nor Opposition seem prepared to rein in the excessive bonus culture that got us into this trouble in the first place.

"Millions of workers are already facing stark choices. Are they willing to work longer hours for less money or would they rather be unemployed? I don't see why the bankers at RBS shouldn't be asked the same question."

Bragg, who released the hit album Talking With The Taxman About Poetry in 1986, is urging people to fire off letters or emails to the Chancellor as part of his online campaign.

RBS, which is 84% owned by the taxpayer following a string of bail-outs, is expected to pay millions of pounds in bonuses to its investment bankers this year.

Asked previously about the prospect of going to jail for refusing to pay his taxes, Bragg said: "I'm hoping it won't come to that. This is to draw attention to the issue. Either we own 84% of the company or the entire thing is a sham. I'm fed up with no-one doing anything about it."

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