Nicola Horlick on High Pay Commission's salary report

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Fund manager Nicola Horlick said the pay of some of the top people in the world of business could be justified, despite criticism in a High Pay Commission report.

She said the widening gap between salary levels was a major concern although she had no problem with people being well paid if they delivered.

The report from the left-leaning pressure group Compass, with support from the Joseph Rowntree Charitable Trust, said excessive pay at the top of UK companies was having a "corrosive" effect on the economy.

Ms Horlick then discussed her film with Andrew Neil, Michael Portillo and Alan Johnson

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