Banking: Bonuses — Question

Part of the debate – in the House of Lords at 3:28 pm on 27th January 2010.

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Photo of Lord Bilimoria Lord Bilimoria Crossbench 3:28 pm, 27th January 2010

My Lords, the Government propose a co-ordinated global solution to the banking crisis. Recently, President Obama announced his reforms in the United States. It is reported that the Shadow Chancellor, George Osborne, agrees with President Obama's proposals for reform. Do the Government also agree with President Obama's reforms and do they intend to implement them?