Arguments against bankers' bonuses are incoherent

Prof Philip Booth speaks to BBC Radio Merseyside

Prof Philip Booth spoke on BBC Radio Merseyside, warning that burdensome banking regulation could damage Britain's economy and explaining why many arguments against bonus payments are incoherent. He says the real issue is how to prevent banks having to be bailed out at the expense of the taxpayer again.
 

Listen here (starts at 50:37)