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Pay

Volume 496: debated on Wednesday 9 September 2009

To ask the Chancellor of the Exchequer if he will make it his policy to establish a commission to examine high levels of remuneration; and if he will make a statement. (290628)

The Government have a role to play in preventing undesirable practices which encourage excessive risk-taking such as remuneration policies in the banking sector. However, in general, private sector remuneration arrangements are a matter for employers, employees and shareholders to agree.