Taffia Don: Welsh Nationalist Commentary


Sunday, April 10, 2011
  2011 0410 – DUTCH BANKING BONUS BAN

The Guardian reported that the Dutch people have forced their politicians to introduce a retrospective ban on banker’s bonuses (click here.)


This is interesting for many reasons, firstly, it is often said that if we penalise banks then they would move their companies out of Britain, secondly, it is argued that we can not act independently for fear of the first, and finally, Britain’s bankers earn significantly larger bonuses.


Now I think I am right in saying that Britain has a larger banking centre than the Netherlands, with greater levels of international banks, so the position might be different, however, there is obviously the ability to build the consensus so why have they not tried?

 
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