Rachel Reeves quizzed on bankers bonus U-turn

The BBC’s business editor asked Rachel Reeves how Labour could be trusted after it dropped its opposition to lifting the cap on bankers’ bonuses.

Simon Jack reminded the shadow chancellor of her tweet three months ago criticising the government for ending the cap.

Ms Reeves said the “last thing we need is more chopping and changes” and stability was needed for businesses.

Bankers’ bonuses: No cap under Labour, says Reeves