Chancellor Alistair Darling warns banks over bonuses

Chancellor Alistair Darling has warned banks that the government will not be "held to ransom" over bonuses.

He played down reports he will hit bankers with a windfall tax on bonuses in Wednesday's pre-Budget report.

But he told BBC One's Andrew Marr show the better-off would have to shoulder more of the "burden" of recovery.

Shadow chancellor George Osborne would not rule out a windfall tax on bonuses, likely to hit £6bn this year, but said he would prefer a future profits tax.