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Sir Fred attacks Lord Myners

Sir Fred Goodwin has tonight gone on the attack in his battle with the UK Treasury and the UK government. While Lord Myners, who was put in charge of the Royal Bank of Scotland rescue by the government, continues to blame Sir Fred Goodwin for his £16 million pension pot, it was revealed that it was actually Lord Myners who signed off the agreement. Rumours are rife that the Royal Bank of Scotland board could have sacked Sir Fred Goodwin with only a fraction of his pension pot but chose to effectively close his tenure as chief executive early and "reward" him with an increased pension arrangement.

Many people have pointed to the fact that the revelation about Sir Fred Goodwin's pension was "leaked" on the day that the government was forced to inject further billions of pounds into the UK banking sector. There is a suggestion that the row over the pension arrangements was manufactured to overshadow the extra funding required by the banking sector.

It is also worth remembering that Sir Fred Goodwin was a regular visitor to Downing Street during his tenure as chief executive of Royal Bank of Scotland and was very much heavily involved with the UK government which has now turned against him.

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