Banks will have to reveal how they set pay and bonus packages according to the Financial Services Authority (FSA), which will be revealing a new code of conduct this week.

London bus drivers are protesting in their underwear today over pay and conditions.

Apprentices have received a pay boost this week, following a Government announcement their minimum contractual payment will rise from 80 to 95 a week.

Although more than a third (37%) of firms are implementing pay freezes, a sixth of these are continuing to pay bonuses to staff.

Network Rail bonuses have been greeted with criticism by the Transport Salary Staff Association (TSSA).

Bonus payments for UK managers have dropped since 2008, but board members still receive awards averaging 30% of salary.

Bankers working for Goldman Sachs are set to share a pay and bonus pot of 12.3 billion.

Ten senior BBC executives have had their bonuses suspended indefinately.

British Airways pilots have agreed a 2.6% pay cut.

The proportion of pay freezes is stabilising, according to reports from IDS Pay Databank.

Conservative leader David Cameron is not in support of a pay freeze in the public sector.

More than 2,000 British Airways staff have rejected proposals from the employer to cut 3,500 jobs and impose a pay freeze to save costs.