February 13, 2009

Gordon Brown yesterday attempted to stem public anger over the government's inability to rein in bank bonuses, despite a multi-billion bailout of the industry, by announcing that he wants new regulations to stamp out the practice in future.

Facing questions from the Commons Liaison Committee, Mr Brown was pinned down on the issue by John McFall MP, the chair of the Commons Treasury Committee that has been taking evidence from discredited bank executives and their replacements all week.