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    • 05:48
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City bonuses tumble

City bonuses tumble
City bonuses are predicted to fall to a new low in 2013.

According to the Centre for Economics and Business Research, the level of bonus will slide to £1.6bn - down from a peak of £11.6bn in 2008 and revised down from a forecast £2.3bn made by the CEBR two months ago.

CRBR chief executive Douglas McWilliams said: "The biggest loser from this is the taxman, who typically earns more from City bonuses than the employees."

Green Box: City bonuses tumbleClick to open

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