David Cameron on City financiers vs The Daily Mail on the Conservative Party Treasurer, Michael Spencer

“In the good times, some people working in the financial services industry paid themselves vast financial rewards – salaries and bonuses beyond the comprehension of most of us….Well: on behalf of the taxpayer, on behalf of the nurse on £20,000 a year, on behalf of the cleaner on the minimum wage, on behalf of working families worrying this Christmas like never before about what next year will bring I say it is fair and reasonable that those responsible are held to account for their behaviour and that we show clearly that in this country, there is not one rule for the rich and a different rule for everybody else.”

David Cameron: Monday 15th December 2008

“Tory party Treasurer Michael Spencer was at the centre of a stock market controversy tonight after he admitted that he secretly pledged a multi-million pound investment as security for a loan. The debacle echoes the recent scandal that enveloped David Ross, the former deputy chairman and co-founder of Carphone Warehouse.”

Daily Mail, 23rd December 2008

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