Brown angry over pension

Link to the article: Channel 4

Last Modified: 27 Feb 2009
By: Victoria Macdonald

A leading Tory MP has called for the Treasury minister Lord Myners to step down amid the growing row over the multi-million pound pension deal awarded to former Royal Bank of Scotland boss Sir Fred Goodwin.

The Prime Minister Gordon Brown called the package 'unjustifiable and unacceptable', again insisting he was ready to take legal action to claw some of it back.

So far, Sir Fred has refused, insisting that ministers had approved it.

Government lawyers are now examining the scope for any legal clawback of Sir Fred's pension. With their eye in particular on whether the RBS Board was fully informed of the discretionary nature of the payment.

But the Conservatives said the blame lay at the doors of both parties and wratched up calls for Lord Myners to resign.