Shadow chancellor Rachel Reeves has hit out at chancellor Jeremy Hunt for protecting the bonuses of bankers and private equity bosses in the Autumn Statement.

"Of all the things he could save from the wreckage of the kamikaze budget that he chooses to press ahead with is their plan to lift the cap on bankers' bonuses," she told parliament. "At a time he's urging wage restraint for everybody else, how can he remotely claim that this is fair?"