At the annual Labor Congress, Prime Minister Gordon Brown asserted his will to stabilize the financial system weakened by the collapse of several merchant banks. "Irresponsible" bonuses of the City's financier's are in the line of sight. This view is shared by the trade unions and by the Financial Services but it is difficult to enforce. (Ref. 080727)
Interventionist will. This was a golden opportunity for Gordon Brown to renew his request for a reform of the global financial system. The city’s traders have shown a great deal of irresponsibility, he told the BBC, blaming the bonus system. “When you get bonuses and salaries based on short term deals that have no relationship to long term performance then you have to look again at what the system is doing.” His chancellor, Alistair Darling, supported him at the Labor Congress.”It is essential
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