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".


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.