Friday, June 7, 2013

Spin doctor for bank YOU bailed out is paid £1.3million: Details of extraordinary pay packet revealed in leaked memo

The chief spin doctor for bailed- out Lloyds Bank enjoys a pay package worth up to £1.3million, it was revealed yesterday.

Details of the extraordinary awards paid to the state-backed lender’s corporate affairs director Matt Young emerged in a leaked memo.

The full package – paid if he hits certain targets – is almost ten times the £142,000 salary paid to David Cameron.

The revelation is sure to embarrass Lloyds’ Portuguese boss Antonio Horta-Osorio, who counts Mr Young as one of his closest lieutenants.