Page last updated at 21:51 GMT, Monday, 17 August 2009 22:51 UK

Darling dismisses pay commission

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Chancellor Alistair Darling has come out against calls for a new commission to curb "excessive" pay.

One hundred public figures have joined a pressure group's campaign for a High Pay Commission, to act as a watchdog over high City salaries.

But Mr Darling said he was "not persuaded" of the need, but hinted he was prepared to introduce new legislation to control excessive payments.

Hugh Pym reports

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