PM: Government will veto any RBS bonus increases

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Cameron: any proposals to increase bonus bill at RBS we will veto it. He's talking about the overall bonus pot here - not individual bonuses

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Cameron: rich to get a lecture from Labour on bonuses when they created the problem. <<This is where Labour is weak #pmqs

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EdMili: When you earn £1 million per year - a bonus of £1 million should be enough <<Hard to argue with that #pmqs

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Labour plans to refer banks to competition authorities

Labour plans to refer high street banks to the competition authorities immediately if elected in 2015, the party leader is expected to say in a speech on banking reform.