Monday, February 18, 2008

We're paying his salary

The Northern Rock pantomime goes on. And on.

Following the announcement that Ron Sandler, former boss of the London Stock Exchange has been drafted in to rescue the failed bank, I see from the excellent Iain Dale's blog ( that Alistair Darling, our illustrious Chancellor of the Exchequer and Guardian of the Public Purse, has agreed the remuneration which Mr Sandler is to be paid.

£90k per month. WHAT? I'll say it again. Ninety thousand pounds a month. Do you think Mr Sandler will give us an update on his progress?

After all, we're paying his salary.

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