Bonuses to be banned

The government signals bonuses will be banned for banks with government shares.
At the lobby briefing this morning the PM’s spokesperson said “The Prime Minister had made clear that any future bonuses had to be guided by; long-term interests; no bonuses for failure; a clawback system; and new guidelines for the future. They are the key points but obviously we need to discuss them with the management of the banks”.Make sure you sign John Prescott’s petition if you haven't already.