The gravy train has long left the station.
He said excessive remuneration in banking would never be accepted by the public.
'It is very important when it comes to pay that, firstly, you only pay for performance, in other words you only pay the good people, and that you pay competitively', he told a group of sixth-form students, while guest editing BBC Radio 4's Today programme.
'In other words you don’t pay more than you have to', he added. 'It is always controversial the amount of money that is paid to certain sectors in banking'.
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