House of Commons
EXCESSIVE BONUS PAYMENTS TO PERSIMMON MANAGEMENT
EDM #966
Tabled 22 February 2018
2017-19 Session
That this House notes with great concern that house building firm Persimmon is paying bonuses of more than £500 million to 140 staff, including £110 million to Chief Executive Jeff Fairburn, £86 million to finance director Mike Killoran and £48 million to Managing Director Dave Jenkinson; further notes that these bonuses are being paid at least in part as a result of the Government's help-to-buy scheme, which is paid for with public funding; believes that this £500 million could, and should, have been spent on building social and affordable housing for families which desperately need it; is very concerned that this level of obscenely excessive remuneration is being provided to a company which is engaged in providing a highly needed, essential good with the help of taxpayer subsidies; calls on the Government to consider capping bonus payments for companies which benefit from public subsidies; further calls on the Government to consider whether it would be cheaper and more efficient for the Government to allow councils to borrow to invest in building social housing, rather than to permit huge amounts of taxpayer funds to be grabbed by greedy individuals; and calls on the Government to ensure that private companies are no longer allowed to make vast profits at taxpayers' expense while essential public services crumble for lack of funding.

Signatures (8)

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.
In addition to the sponsors, the following Members have signed to support the motion.
There are no withdrawn signatures for this Motion