Student Loan Companies Detail
Earlier Business Secretary Vince Cable said Mr Lester was "an exceptionally useful individual who has helped to turn round that organisation [the Student Loans Company]".He added: "The arrangements under which the negotiations took place involved substantial value for money for the taxpayer, a tax cut by the individual and we will pursue matters of public concern on the tax issues."
Watch Richard Watson's full Newsnight report
But Conservative MP Richard Bacon said there had been "too much of this going on" and quoted former Tory leader Lord Howard saying "special rules for special groups breed anger and division".
Before his employment was finalised, the terms of his remuneration were brought to the attention of Universities Minister David Willetts and Cabinet Secretary Sir Gus O'Donnell, who sought clarification about the cost of employing Mr Lester, and the tax arrangements, before approving his appointment.
Student Loan Companies
Earlier Business Secretary Vince Cable said Mr Lester was "an exceptionally useful individual who has helped to turn round that organisation [the Student Loans Company]".He added: "The arrangements under which the negotiations took place involved substantial value for money for the taxpayer, a tax cut by the individual and we will pursue matters of public concern on the tax issues."
Watch Richard Watson's full Newsnight report
But Conservative MP Richard Bacon said there had been "too much of this going on" and quoted former Tory leader Lord Howard saying "special rules for special groups breed anger and division".
Before his employment was finalised, the terms of his remuneration were brought to the attention of Universities Minister David Willetts and Cabinet Secretary Sir Gus O'Donnell, who sought clarification about the cost of employing Mr Lester, and the tax arrangements, before approving his appointment.
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
Student Loan Companies
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