I would like to say I will also not be paying myself a bonus this year, aren't I good!!!!

Royal Bank of Scotland chief executive, Stephen Hester, has agreed to waive a bonus payout of up to £1.6m, in a move reportedly designed to influence a favourable decision from UKFI to sign off on bonuses to the bank's investment banking staff. According to reports, the bank will pay its investment bankers around 28% of revenues in bonuses if UKFI signs off on the proposals this week. The move places further pressure on Lloyds TSB chief executive, Eric Daniels, to follow suit.