Vince Cable: 'We expect restraint' on executive pay

The Business Secretary Vince Cable has outlined his strategy to curb excessive boardroom pay, promising more transparency and power for shareholders to veto big bonuses.

Mr Cable said the government could not continue to see chief executives' pay rising while the performance of companies languished well behind.

No figures were mentioned in the plan - a point put to him by BBC Newsnight's Jeremy Paxman.