MPs reject Labour motion to cap RBS bonuses

ITV News Deputy Political Editor Chris Ship has tweeted:

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MPs reject Labour motion to cap bonuses at RBS at 100% of salary. Maybe they were listening to BoE Governor who also thought it was bad idea

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241 MPs backed the Labour motion on bonuses. 304 against

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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.