Northern Rock staff awarded 10% bonus

" Liberal Democrat Treasury spokesman Vince Cable said the payout to staff at the rescued bank was indefensible. He said: “This is bringing the worst of the City bonus culture into a public body. This is an extraordinary action from a state-owned bank which still owes billions to taxpayers.When millions of people are facing pay cuts or even unemployment, this is indefensible. The Government should step in to stop this now.”"