The Confederation of British Industry (CBI) has hit out at European Union proposals to cap bankers' bonuses at a year's salary.
These proposals fly in the face of efforts to align pay and performance.
They would significantly constrain shareholders' ability to hold companies to account by voting on pay policy and implementation, and to select board members.
Ratios will also make it harder for companies to respond to a downturn by adjusting pay, which undermines financial stability.
We're concerned that this proposal sets a dangerous precedent and could spill over into other sectors, damaging jobs and growth.
More top news
He said that he would put himself forward if a fresh contest is held amid growing calls for him to stand down within the party.
Pet owners and cat lovers are being warned to stay on high alert after the so-called Croydon Cat Killer appeared to strike in another city.
Scotland's First Minister said her government will seek 'immediate discussions' with Brussels to "protect Scotland's place in the EU".