Clegg: We’ll curb exec pay

Deputy prime minster Nick Clegg comments on executive salaries to BBC1's Andrew Marr Show:

"We now need to call time on excessive irresponsible behaviour in the private sector. Just as we got tough on unaffordable things in the public sectors, we need to get tough on executive salaries in the private sector.

"What I abhor is them being paid bucket-loads of cash when they're failing. We need to make sure people in the public sector don't feel they're doing all the heavy lifting. If legislation is required of course we will do so.

"I make no apology at all for us making difficult choices, but prioritising the poorest. It's important to the country we don't divide – it's not public versus private, north versus south, employer versus employee."