Anger over bonuses for bank bosses

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Barclays was accused of “paying for Manchester United but getting Colchester United” as it faced shareholder anger over rising bonuses and falling profits.

Shareholders applauded a succession of speakers criticising its remuneration policy while the head of the bank’s remuneration committee, Sir John Sunderland, was heckled.

Barclays recently defied calls for restraint by hiking its staff bonus pool by 10 per cent to £2.38 billion.