Archbishop Backs Osborne On Bankers' Bonuses

The new Archbishop of Canterbury has backed embattled Chancellor George Osborne over his stance on bankers' bonuses.

Justin Welby is part of the Banking Commission, the parliamentary inquiry into banking ethics, whose report is out today.

And in an exclusive interview with LBC 97.3's new Drivetime host Iain Dale, he agreed that the capping of bonuses in The City is not a suitable solution.