Chuka Umunna: Why we need a British investment bank

The Shadow Business Secretary Chuka Umunna has hinted at his party's plans - to be unveiled later today - for a British investment bank to stimulate lending to businesses.

Speaking on ITV Daybreak, he also said that bankers should not get bonuses "simply for doing their job".

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Labour's 'banking revolution'

Labour leader Ed Miliband has called for a major overhaul in the banking sector. Miliband called for an increase in the power of the Serious Fraud Office and an end to 'light touch' regulation.