		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/banking-probe-chair-paid-60000.jpg"><img class="alignnone size-full" title="Justine Greening revealed the salary which will be paid to Sir John Vickers" src="http://londonglossy.com/wp-content/uploads/2010/12/min-banking-probe-chair-paid-60000.jpg" alt="Justine Greening revealed the salary which will be paid to Sir John Vickers"/></a></p>
<p>The chair of a Government-commissioned inquiry into banking reform is being paid a £60,000 salary for a two-day week.</p>
<p>Sir John Vickers, a former Bank of England chief economist, became chair of the five-member Independent Commission on Banking (ICB) in June.</p>
<p>The ICB will investigate a number of potential reforms to Britain&#8217;s banking system, including whether banks&#8217; retail and investment operations should be split.</p>
<p>It is due to publish its final report in September 2011.</p>
<p>In a Commons written reply to Labour&#8217;s Tom Watson, Treasury Economic Secretary Justine Greening said: &#8220;Sir John Vickers will be paid £60,000 per annum and work an average of two days a week.</p>
<p>&#8220;Other commission members will not be paid and work an average of one day a week on commission business.</p>
<p>&#8220;All commissioners will be reimbursed for such travel and subsistence expenses as they incur in pursuit of commission business, in accordance with HM Treasury&#8217;s expenses policy.&#8221;</p>
<p>Ms Greening said the inquiry was supported by a full-time team of 14 civil servants.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ef8d467efd9">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ef8d467efd9',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
