Labour attacked the government of youth unemployment figures and repeated calls for a bankers' bonus tax to fund 100, 000 extra youth jobs.

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Three years ago, he introduced a profit-sharing scheme under which each firm contributes a third of profits to a common bonus-pool, and fund management is run globally from New York.

ECONOMIST: Investment banking

Skipping that two-week vacation, cutting down on the amount you spend dining out, and saving your next raise or bonus, are also simple methods of adding to your emergency fund.

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Last week they voted against Labour's motion on the bonus culture, greater transparency on top pay and the need for a new tax on bank bonuses to fund 100, 000 jobs for young people.

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