Chancellor George Osborne
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George Osborne promotes British banking in New York

The government is under pressure to act as banks prepare to award bonuses worth billions of pounds in early 2011.

Deputy Prime Minister Nick Clegg says "this government cannot stand idly by," if banks "get away scot-free." But what does any of this mean?

BBC Newsnight's David Grossman spent the day with Chancellor George Osborne on Wall Street promoting Britain as a good place to do business.

  • 18 Dec 2010
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