Osborne files bonus complaint
George Osborne has filed a formal complaint against Brussels over plans to cap bankers' bonuses due to fears the move will backfire and drive up salaries.
Labour: This government fights for bankers and bonuses
Shadow Chancellor Ed Balls said the legal action taken by Chancellor George Osborne against EU legislation to cap bankers' bonuses told the public everything it needed to know about the current government. Speaking at the Labour conference, he said:
"While we here are saying lets try and get energy prices down for families, lets help families with childcare, lets get get people back to work, David Cameron is sending his Chancellor to Brussels to stand up for bankers and bankers' bonuses."
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