A quango in charge of creating jobs paid out nearly a million pounds in taxpayer-funded bonuses to staff despite Scotland's unemployment soaring.

Royal Bank of Scotland should not be "leading the way" when it came to bankers' bonuses, the Prime Minister said.

Royal Bank of Scotland has been forced to cut its planned bonuses to from £1 billion to £175 million Alistair Darling said.

Labour wants a vote on a new tax on bank bonuses to fund schemes for youth jobs and thousands of new homes, shadow chancellor Ed Balls says.

Vince Cable has warned that bankers would be heading for a "train crash" if they awarded themselves huge bonuses when public spending cuts were starting to affect jobs and services

Royal Bank of Scotland is considering paying bonuses in shares to its investment arm to quell public anger about pay deals for bankers bailed out with state funds. The Edinburgh-based bank is also trying to lock in the top bankers to the shares, preventing their sale for several years. The pool from which bonuses are to be paid is believed to be 80% lower than in 2007, when the total compensation ...

Bonuses at the virtually nationalised Royal Bank of Scotland are to be reduced to what is claimed to be the ‘legal minimum’. The bonus bill this year will be £340 million, down from £2.5 billion last year, and all paid in shares rather than cash. Of the £340 million, £175 million is meet “contractual obligations”. Though

The Labour government has announced the biggest shake-up of high street banks for a generation. On bonuses, new tough rules will mean no cash bonuses will be paid this year to any staff earning over £39,000 and Executive Board members will have any bonuses deferred for three years. This represents the toughest controls on bonuses anywhere in the world. The plan to create three new banks ...

Dr Alan Whitehead, Labour MP for Southampton Test, has voted in Parliament to support a higher levy on bankers' bonuses to fund new jobs for young people in Southampton. This week Labour tabled an amendment to the Finance Bill which would repeat the levy on bankers bonuses introduced by the last Labour government. The amendment would also require the government to use the £2 billion rai...

Lordy: A new “super-tax” on bank bonuses will be introduced immediately, the chancellor announced today, in an attempt to stop banks using profits to pay large bonuses to bankers. Alistair Darling attempted to appease critics who feared the tax on bonuses would prompt defections from the City by insisting the 50% tax rate on bonuses of more