CITIZEN'S CHARGE ON BANK BONUSES AND DIVIDENDS

That this House notes that almost every bank based in the United Kingdom required liquidity and other support from the Government in 2008 and, in addition, a number required public ownership or capital support; further notes public concern about the contrast between the welfare dependency of the UK financial sector and the recent return to big bonus payouts; calls on the Government to introduce a citizen's charge or people's dividend on the growth of bonus pools and dividend payouts in those financial institutions which received public support; and believes that this citizen's charge should start in the 2009-10 financial year.