Stephen Hester, chief executive of RBS
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Outrage as RBS boss gets a £963,000 bonus

A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester has been strongly criticised.

Labour leader Ed Miliband said the payout represented a "disgraceful failure of leadership by the prime minister".

But the Chancellor, George Osborne, said the previous Labour government was responsible as it had forged the contract that included a bonus clause.

Liberal Democrat minister Jeremy Browne said Mr Hester should turn down the bonus.

Hugh Pym reports.

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