Robert Peston on Vince Cable's attack on the City

Vince Cable has insisted he has a pro-business agenda but refused to apologise for attacking excessive bank bonuses paid to "spivs and gamblers".

In his speech to the Lib Dem conference, the business secretary called for action to stop capitalism "killing competition".

But he attributed the idea to the free-market economist Adam Smith.

The BBC's Sophie Raiworth asked Business Editor Robert Peston how the City was likely to be feeling about the speech.

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