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Stephen Tall

Lib Dems oppose ‘non-dom’ Ron Sandler as chairman of Lloyds

By Stephen Tall | Tue 21st July 2009 - 2:30 pm

So the Telegraph reports:

Ron Sandler should not be eligible for the job of chairman of Lloyds Banking Group because he is non-domiciled for tax purposes, the Liberal Democrats have declared. …

“The chairman of a nationalised, or part-nationalised, bank should not be a non-dom,” Lord Oakeshott, Lib Dem Treasury spokesman said. “Ron Sandler should not become chairman of Lloyds.”

The Lib Dems opposed the appointment at Northern Rock of Mr Sandler, a former boss of the Lloyds of London insurance market. He was initially paid £90,000 a month as executive chairman but his salary fell to £350,000 after appointing a

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