The Economy

Part of Council Tax Rebate – in the House of Commons at 3:49 pm on 31st March 2009.

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Photo of Andrew Tyrie Andrew Tyrie Conservative, Chichester 3:49 pm, 31st March 2009

Lord Myners has asserted that the RBS board exercised discretion to enhance Sir Fred's pension. Sir Tom McKillop flatly contradicts that, and he is supported by the minutes. In his letter, he says:

"There was no question of any discretion being exercised in relation to Fred's pension and no discretion was exercised in that regard by any other RBS director."

Does the Chancellor not now think that Lord Myners' position is unsustainable?

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