Any agreement on bankers bonuses 'could ultimately damage the UK financial services industry'

Mark Littlewood is interviewed for BBC Radio Wales' Good Evening Wales programme

Speaking to BBC Radio Wales' Good Evening Wales programme, IEA Director General Mark Littlewood says that any agreement come to by banks on how they will pay out bonuses, and at what level, could ultimately harm the UK financial services industry if it is done in isolation and other financial centres do not follow suit. It would be, he says, a very "fragile arrangement".

Listen to the programme here (interview starts at approx. 36:00).