POLITICS

Seven Times Vince Cable Warned Banks Against Excessive Bonuses

23/04/2014 12:58 BST | Updated 23/04/2014 14:59 BST
ASSOCIATED PRESS
Vince Cable of the Liberal Democratic party leaves 10 Downing Street Wednesday, May, 12 2010. Britain's new Prime Minister David Cameron has appointed more of his new political partners to key Cabinet posts _ handing his coalition Liberal Democrat colleague Vince Cable a key business brief. Cable's appointment may spark nervousness in the financial sector. An ex-economist for Royal Dutch Shell, Cable is a fierce critic of banking practices and has demanded action to spur lending. (AP Photo/Alastair Grant)

Vince Cable has warned banks against "excessive" executive pay and failing to slash bonuses, in a move which some may find familiar.

As this year's annual general meetings get under way, Cable wrote to the FTSE100 listed businesses warning that he could bring in new legislation to enforce pay discipline unless the firms curb their bonuses.

However, it seems the business secretary's message might be struggling to get through, as he has lashed out at bank bonuses almost clockwork regularity. Yet they still aren't listening, as Cable keeps having to try and hammer the message home.

Here are just seven times Cable tried to get across why banks should rein in excessive pay and bumper bonuses. Will this time be any different?

Vince Cable's bonus warnings

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