Govt refuses to block further RBS bonuses

The announcement comes after RBS chief executive Stephen Hester turned down a £1m bonus after public outcry over the payment. The government said today that it would not "micromanage" RBS and that remuneration for members of staff was an issue for the taxpayer-owned bank itself, the BBC reports. It refused to block bonus payments to other top RBS bankers as proposed by Labour leader Ed Miliband. A government spokesperson said: "The prime minister's view was that he wanted the bonuses to be lower. "He always made it clear that it was a matter for Mr Hester whether he took that bo...