Banks slash bonuses as Miliband attacks pay - papers

In a speech today, Miliband will pledge to use the Commons debate to say that "too many are getting bonuses which are too big, too often," the Guardian reports. "All companies must show responsibility, but banks have a particular responsibility, because they are either directly or indirectly supported by the taxpayer," he will say. The news comes after Barclays announced last night it will slash bonuses by a third for 24,000 employees in its investment banking business. However, Barclays has announced it will only cut pay for middling and junior staff, and would not confirm if the ...