You might think it is already been done to death but don’t expect our political leaders to believe it’s lost its ring anytime soon.

With a general election looming, the great boredom of banker’s bonus banging is going to continue right up ’till the last marginal, anti-banker vote has been grabbed.

Cue Gordon’s latest threat: to impose, “the toughest action of any country in the world.” And see all the other FS bods bugger off to Switzerland with the hedgies.

And Alistair’s upcoming speech to the party faithful in which, declares the BBC, he will assure the country – and warn the banks – that there will be no return to the business as usual for them. Might be a bit late there.

New legislation on its way too… So expect banks’ legal advisors to get busy and ensure remuneration packages conform to the letter if not the spirit…

Cut bonuses, Darling tells banks [BBC]