division_name: Opposition Day &#8212; [18th Allotted Day] &#8212; Bankers&#8217; Bonuses and the Banking Industry
motion: <p class="" pid="a.334.2/1" pwmotiontext="yes">I beg to move,</p>
  
  <p class="" pid="a.334.2/2" pwmotiontext="yes">That this House believes bonuses should be rewards for exceptional performance and that, following the banking scandals that have emerged in the last few months, this year&#8217;s bank bonus round should reflect this principle; further believes that a tax on bank bonuses should be levied in order to fund a guaranteed paid starter job for young people who have been out of work for over a year, and that this tax should cover allowances paid by banks which attempt to get round the EU bonus cap; calls on the Government to reform the rules on bankers&#8217; bonuses by extending clawback of bank bonuses that have already been paid in cases of inappropriate behaviour to at least 10 years and by also extending the deferral period for senior managers to 10 years, in line with the recommendations of the Parliamentary Commission on Banking Standards; and further calls on the Government to implement wider reform of the banking industry to increase competition and boost net lending to small and medium-sized businesses.</p>
  
  <p class="italic" pid="a.374.3/1" pwmotiontext="yes">Question put.</p>
  
  <p class="italic" pid="a.374.3/2" pwmotiontext="yes">The House divided:</p>
  
  <p pid="a.374.3/3" pwmotiontext="yes">Ayes 234, Noes 308.</p>