Clegg: Figures from a parallel universe

Nick Clegg comments on bank bonuses to the Today programme:

“I totally accept that the sky-high numbers that are bandied about in the City of London seem to come from a parallel universe to many people.

“But I think the key issue of principle is this – for those people running state-owned banks, they have to be sensitive to British taxpayers, who are the shareholders of these state-owned banks, so we are entitled to say that should be reflected in the sensitivity with which bonuses are awarded.

“The people who run these banks should show extra sensitivity and transparency in the way in which they reward themselves.”