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The Oleaginous Hain On The Take

Give City's bonuses to the poor, urges Hain | Uk News | News | Telegraph

City high-fliers should lose two thirds of their bonuses to deprived communities, claims Peter Hain, a candidate for Labour's deputy leadership. Their firms could otherwise face heavier regulation and tax.

The Northern Ireland Secretary said that multi-million-pound bonuses created a "grotesque" wealth gap that fuelled envy and crime.

In an interview with The Sunday Telegraph, he warned companies to take action to self regulate or face "a big fight".

"There's a real problem of people on average incomes feeling there's a sort of super rich class right at the top,"

So speaks a man who earns is paid over £130,000 a year with generous expenses. Does he think that these bonuses are untaxed at the moment, does he want to take another two thirds after the government has taken it's half or before? Does he want to encourage business in the UK or is he still just spouting the student agiprop he relied on to become a politician? Has he got a clue, or is he prepared to say anything in the hope of reviving his leadership bid? Why doesn't he concentrate again on stopping England playing cricket, that might be more useful.

Comments

"Has he got a clue, or is he prepared to say anything in the hope of reviving his leadership bid? "

I'm going to assume that was a purely rhetorical question...

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