Banking

Part of Oral Answers to Questions — Scotland – in the House of Commons at 11:30 am on 18th March 2009.

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Photo of Jim Murphy Jim Murphy The Secretary of State for Scotland 11:30 am, 18th March 2009

My hon. Friend raises an important point, which I know is particularly relevant in his constituency, as it includes a large number of financial services sector workers. What has happened has, unfortunately, led to the portrayal of all those in the banking sector as greedy and in receipt of enormous bonuses. As he knows and as we all know, a large number of people working in banks in the back office or as bank tellers, for example, are on very average wages and they work very hard. Some of them may have had share options, which are now more difficult. It is important that we stop demonising all bank workers simply because of the irresponsible behaviour of a tiny minority of those who previously had leading and well paid positions in these organisations.

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