I have just been reading a report of Lord Mandelson's speech in New York on Tuesday.
This is what he said about the growing calls for curbs on bankers' bonuses:
“Governments must neither ignore the public’s anger and impatience, for example on bank bonuses, nor be pushed into hurried judgments because we fear accusations of indecision.”
As I have highlighted, Mandelson was keen that the Government should not be rushed into a judgment on the issue.
So I wonder how he felt when - just a few hours later - Alistair Darling made his judgment on cutting RBS bonuses?
Would he deem that a hurried decision?
