By Terence Bunch Published 2009-03-05 00:00:00 Last Edited 2009-03-05 00:00:00
Environmental Climate Rush activists gather outside RBS (Royal Bank of Scotland) to protest the pension pay out to Sir Fred Goodwin, former RBS Chief Executive, of 16 Million GBP, amongst other things.
The British government are currently attempting to force Sir Fred into returning the pension and have threatened legal action if he does not comply, despite there being no legal instrument that permits it.
The pay out has deeply embarrassed the government and as a result they are forced into applying indirect public pressure on Sir Fred, who continues to refuse to hand back the pension.
The protest comes on the day the Bank of England reduce the base interest rate to 0.5 percent, moving it perilously close to a position of structural financial paralysis.
Bishopsgate, London. 5th March 2009.