Tensions over banking policy between the Chancellor and the Business Secretary sparked back into life yesterday after Vince Cable issued a strongly worded response to George Osborne's hint the reforms could toned down.
Cable said in a statement: "Transparency is key to creating confidence in any commitment from our banks to behave more responsibly on pay and bonuses. Outrageous and irresponsible pay structures were a driver in our financial crisis." Read more...
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