Cable brands bankers "spivs and gamblers"

Business secretary Vince Cable insisted he has a pro-business agenda but attacked bank bonuses paid to "spivs and gamblers".

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

Cable also revealed Royal Mail staff would be given ten per cent of shares in any future flotation of the company.

The business secretary, who confirmed last month that he intended to sell off Royal Mail, said this would represent the largest employee share scheme for 25 years.