Opposition Day — Clawback of Bankers' Bonuses and Reform of the Banking Industry — 25 Feb 2015 at 15:50

Patrick McLoughlin MP, Derbyshire Dales voted against extending the clawback of bank bonuses in cases of inappropriate behaviour and against banking reform to increase competition and boost lending to smaller businesses.

The majority of MPs voted against extending the clawback of bank bonuses in cases of inappropriate behaviour and against banking reform to increase competition and boost lending to smaller businesses.

The motion rejected by the majority of MPs was:

  • That this House
  • believes bonuses should be rewards for exceptional performance and that, following the banking scandals that have emerged in the last few months, this year’s bank bonus round should reflect this principle;
  • further believes that a tax on bank bonuses should be levied in order to fund a guaranteed paid starter job for young people who have been out of work for over a year, and that this tax should cover allowances paid by banks which attempt to get round the EU bonus cap;
  • calls on the Government to reform the rules on bankers’ bonuses by extending clawback of bank bonuses that have already been paid in cases of inappropriate behaviour to at least 10 years and by also extending the deferral period for senior managers to 10 years, in line with the recommendations of the Parliamentary Commission on Banking Standards; and
  • further calls on the Government to implement wider reform of the banking industry to increase competition and boost net lending to small and medium-sized businesses.

Debate in Parliament | Source |

Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (No)Minority (Aye)BothTurnout
Alliance0 10100.0%
Con266 (+1 tell) 0088.1%
DUP0 5062.5%
Green0 10100.0%
Independent0 20100.0%
Lab0 214 (+2 tell)083.7%
LDem42 (+1 tell) 0076.8%
PC0 2066.7%
SDLP0 30100.0%
SNP0 60100.0%
Total:308 234085.2%

Rebel Voters - sorted by party

MPs for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible MP who could have voted in this division

Sort by: Name | Constituency | Party | Vote

NameConstituencyPartyVote
no rebellions

About the Project

The Public Whip is a not-for-profit, open source website created in 2003 by Francis Irving and Julian Todd and now run by Bairwell Ltd.

There are lots of plans afoot, including extensive redevelopment of the site and plans for new functionality. To keep up with what's happening, please check out the blog. We're working on updating all the contact details throughout the site, but if you'd like to talk to us about the project, please email [email protected]

The Whip on the Web

Advertisement - Helping keeping PublicWhip alive