More blustering over bonuses…

Mr Brown has said that the countries attending the G20 meeting in Pittsburgh this month would debate whether "bonuses are, in general, too high a proportion of company revenues and profits".

"There’s a case for looking at some agreement about what would be a justifiable percentage," the Prime Minister added, in an interview with the Financial Times .

"I think you’ve got to be absolutely clear that remuneration has got to be based on long-term success, not short-term speculative deals, that there’s got to be a claw back system.”

Although Brown raised the possibility of a cap on pay based on a percentage of profits, he did not endorse the France-led push for a mandatory cap on bankers’ pay.

Smells like a Brown cloud of hot air to us.