Rees-Mogg invokes the European Court in defence of bankers’ bonuses

Andy McSmith
George Osborne getty 300x225 Rees Mogg invokes the European Court in defence of bankers bonuses

George Osborne (Getty Images)

George Osborne may have been isolated in Brussels, where he was the only EU finance minister speaking out against a European Parliament proposal to limit bankers’ bonuses, but he is not isolated back to the UK. He has the incomparable back bench MP, Jacob Rees-Mogg on his side. During treasury questions in the Commons yesterday, the Mogg remarked:  “Although article 153(5) of the treaty on the functioning of the European Union may be esoteric to some, it is rather important because it prohibits the European Union from running an incomes policy… Will the Chancellor take it to the European Court of Justice?”

What a great court case that would make, with British lawyers tried to convince bemused Europe judges that the European Parliament was doing what UK governments used to do before Margaret Thatcher came along.

“I am delighted to answer your question,” the treasury minister Greg Clark replied. Then, like a true politician, he did not answer.

Huhne (i): Early booking essential

It is recorded in Hansard, for December 2008, that a Home Office minister, answering a question from a Lib Dem MP, namely Chris Huhne, disclosed that 2,700 new prison places would be made available in the year to April 2013, but none in 2013-14. So they got them built just in time.

Huhne (ii): the latest unwritten chapter

One of Chris Huhne’s last public acts prior to being sentenced was to contribute two chapters to The Green Book, the latest set of policy ideas for the Liberal Democrats. Appropriately, it was left to someone else entirely, the policy advisor Tim Leunig, known affectionately in Westminster circles as ‘the barmy boffin’, to compose the chapter headed ‘Reducing Emissions from Transport’. You do not need to be a boffin to know that one way to reduce transport emissions is to observe speed limits.

Why the Tories won’t let the sleeping rat lie

Politicians don’t like rats, to use an old name for people who jump from one party to another, especially if they hold a seat to which they were elected under their old colours. This explains the particular contempt Tories have for Roger Helmer, who was elected to the European Parliament as a Conservative in 1999, 2004 and 2009, only to announce a year ago that he was joining UKIP. His beef was that when he retired he wanted his seat to be taken over by a friend and fellow Tory, Rupert Matthews. But head office were not having Mr Matthews, despite his many years’ service in the party, because they judged that someone who believes in ghost and aliens, and who published a  book with a picture of a golliwog on the cover, was bad news.

Yesterday, the Tory MEP Julie Girling took revenge on Mr Helmer for ratting by snapping this picture of him and posting it on Twitter with the caption “UKIP MEPs hard at work in the European Parliament.”,

A regal and discerning taste in news papers

In the new batch of photographs of the Queen’s private room in Balmoral, released ahead of Sunday’s screening of the new ITV documentary, Our Queen, you can see the range of newspapers she takes. Alongside the Racing Post and a couple of Scottish papers there are some national newspapers. But not all. There is a Daily Mirror, but no the Sun, a Daily Mail but no Express, The Times but no Financial Times and – most important of all – the Independent, but no Guardian. What a discerning reader!

  • wilsoan

    Article 153(5) of the TFEU refers to pay. it does not prevent EU action on bonuses.

  • wildejamey

    It’s no surprise to see Rees-Mogg is an arrant hypocrite.

  • capa75

    A chip off the old block, he’s had the best of everything , the best education money can buy, every door opened for him, and see what he does, defends the bankers.

    Nothing further needs to be said, just another far right out of touch spoiled brat.

  • creggancowboy

    McSmith tell us why Lebedev is not selling the Indy in Ireland (north or south)? Have we offended him by likening his organ to “Voice of the BNP” or “The Job”?

Most viewed



Property search
Browse by area

Latest from Independent journalists on Twitter