Former West Dunbartonshire MP named new Lord Speaker
John McFall served as a local Labour politician in the area for 23 years. (Image: Daily Record)
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A former MP for West Dunbartonshire has been named as the new Lord Speaker.
John McFall, now Lord McFall of Alcluith, served for the Labour Party in Dumbarton and then West Dunbartonshire for 23 years before stepping down at the 2010 Westminster election.
Most of the European bankers affected by the rule work in London.
The BoE at the time objected, saying it could lead to banks ramping up fixed pay to get round the cap and there were other ways to curb excessive payouts, such as deferring a portion of the bonus over a long period.
Its departure from the EU’s full orbit in December means Britain can ditch or change the rule.
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