Saturday, September 28, 2013

Taxpayers foot legal bill as Osborne takes on Europe over bankers’ bonuses




‘Taxpayers are to foot a £1million legal bill so George Osborne can go into battle with Brussels to defend bankers’ mega-bonuses.

The public will have to pay for £700-an-hour lawyers to argue in court that the people widely blamed for wrecking the economy should hang on to their multi-million pound payouts.

The chancellor has filed a complaint against the European Union over its plans to cap bonuses, claiming the move will drive up bankers’ basic salaries.’

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