Government proposals to defer bankers’ bonuses and maintain fiscal stimulus have won approval at today's G20 summit. The finance ministers of the world’s richest countries are backing the UK’s plans for global economic recovery.
A draft proposal outlining a system of deferred bonuses for bankers and continued public spending was agreed at today’s meeting in London.
The agreement is a victory for Gordon Brown and chancellor Alistair Darling who have been resisting calls, led by France, to cap bonuses, claiming they were unenforceable.
(PIC: Matt Sprake/NEWSPICS)
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