Knighthood decision a 'token gesture'
Tuesday 31 January 2012
A leading union today welcomed the decision to strip former RBS chief executive Fred Goodwin of his knighthood.
David Fleming, national officer of Unite, said: "It is a token gesture to strip Fred Goodwin of his knighthood, but one which will be well received by the thousands of workers who lost their jobs during his rule.
"Nonetheless this will do nothing to bring job security to the staff across the banking sector who continue to work under a culture of excess and greed at the top. Action from the Government is needed in banking reform, not simply empty rhetoric on knighthoods or shareholder activism."
A spokesman for business lobbying group the CBI said: "The business community will understand the Queen's decision to take away the knighthood awarded to Fred Goodwin for services to banking in 2004. Such an annulment is exceptional but unsurprising, given all of the circumstances."
Simon Chouffot, spokesman for the anti-poverty Robin Hood Tax campaign, said: "This is clearly the right decision, but removing one man's gong won't repair the damage done to our economy by the financial sector.
"We need our leaders to move beyond tokenism, tackle the unjust financial rewards still rampant in the City, and ensure the sector pays its share to help people hit by the economic crisis."
Tory MP David Ruffley, a member of the Treasury Select Committee, told Sky News: "This was a reckless man. He was playing with other people's money... he wasn't very good at it.
"He proved a huge disservice to the banking industry and I think what people wanted to hear was that this man was held to account."
He added: "Bizarrely there's been no criminal charges against the man, so he's not going to be in front of a jury, and there was a sense that this guy had got away scot-free and the only thing left really to show the public opprobrium was for the knighthood to be stripped."
Former Labour trade minister and ex-CBI director general Lord Digby Jones said: "I think there is the faint whiff of the lynch mob on the village green about this, but that isn't to say that the end result isn't what is right."
He told Sky News that Mr Goodwin "deserves what's come to him" after his pension deal sparked public outrage.
New UK station Russia Today gives a very bizarre view of Britain
By performing as African Americans or Indians, white people get to play act a kind of 'imaginary liberation', writes Michael Mark Cohen
Top Gear presenter is no stranger to foot-in-mouth controversy
New essay by JK Rowling went live on Pottermore site this morning
Review: Mike Leigh's biopic is a rambling, rich character study
- 1 'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
- 2 Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
- 3 Topshop at centre of row over body image as 'shocking' skinny mannequin photo goes viral
- 4 If you think Russell Brand’s new book is confused, you should read what his critics have to say about it
- 5 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
'Nasa Confirms Six Days of Darkness in December': No, they don't - it's a hoax
Canadian actor punched in face after 'Islamophobia' experiment goes wrong in wake of Ottawa shooting
Halloween 2014: From the Screaming Man of Pluckley to the 'White Lady' of the Tower of London - Britain's 20 most haunted places
Russian politician says Apple CEO Tim Cook should be 'banned' from country after coming out as gay
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Pope Francis declares evolution and Big Bang theory are real and God is not 'a magician with a magic wand'
Huge surge in Ukip support after EU funding row, according to new poll
Ukip ‘exploiting grooming scandal’ to secure party’s first police chief
Nigel Farage: 'There’s nothing wrong with white people blacking up'
Maureen Lipman says 'she can't vote Labour while Ed Miliband is leader'
Muslims, immigration and teenage pregnancy: British people are ignorant about almost everything
£18000 - £27000 per annum + Commission: SThree: The SThree group is a world le...
£50 - £70 per day: Randstad Education Chelmsford: Are you an SEN Learning Supp...
£21000 - £31000 per annum: Randstad Education Chelmsford: KS2 Teachers - Chelm...
£21500 - £31500 per day: Randstad Education Chelmsford: Would you like to work...