The Evening Standard reports that Lord Myners, who signed off for the government on the deal that gave Sir Fred Goodwin his notorious pension, himself has a pension with RBS valued at £4m. Of course, since I want the government not to renege on its deal with Sir Fred (at least, not until after it has already reneged on its deals with bondholders in RBS), I have no objection to Lord Myners keeping his pension. But can the same be said of others? Presumably, since his pension is with an institution Vince Cable states is bankrupt and ought to pay no pension above £27,000, the same would apply to Myners? Does Harriet Harman think it is "unacceptable and won't be accepted" that Lord Myners pocket a pension of £242,000 per year, benefitting from a failed institution? Will the government be seeking every legal avenue available to see whether they can avoid making this payment to him?
Hat Tip: James Forsyth
