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Politics Live blog: Ed Miliband’s speech on Scotland staying in UK

Rolling coverage of all the day’s political developments as they happen

9.51am: Here’s Unite’s national officer David Fleming on Stephen Hester’s decision not to take his £1m bonus.

Better late then never will be the feeling amongst the call centre, bank branch and processing staff at RBS that Stephen Hester has finally bowed to public pressure to waive his nearly £1 million bonus. This gesture goes some way in acknowledging the hypocrisy of an organisation which has sacked over 21,000 staff, while still attempting to pay bumper bonuses to the bosses. As Unite demanded at the time the bonus was announced, it was right for common sense to prevail and this massive bonus to be waived. There remains a long way for RBS to go in proving its credentials as a responsible organisation, to its customers and also to its thousands of staff.

9.33am: William Hague (left) was actually invited on to the Today programme to talk about today’s informal EU summit, not Stephen Hester’s bonus. At the weekend it emerged that David Cameron had abandoned his attempt to stop the eurozone countries from using common EU institutions, like the European court of justice, to police their new fiscal union. Hague told the Today programme that, although Britain would not stop the eurozone countries using the EU institutions, the government still had some reservations on this score.

This group cannot cut across the EU treaties … If the use of the EU treaties at any point threatens Britain’s fundamental rights under the EU treaties, or damages our vital interests such as the single market, then we would have to take action about that, including legal action.

So we will reserve our position on the specific question about the use of the court. We are not signing a treaty that permits that.

He sounded like someone doing his best to put a diplomatic gloss on a U-turn.

In a post for ConservativeHome at the weekend, Tim Montgomerie said it was now hard to know what Cameron’s “veto” at the EU’s December summit actually achieved.

9.23am: Here is some more of the reaction to Stephen Hester’s decision not to take his £1m bonus. I’ve taken the quotes from PoliticsHome.

From Chuka Umunna, the shadow business secretary

We are not opposed to the concept of a bonus. But this is a time when people listening to this programme are facing the biggest squeeze on their incomes in a generation, not least other – and I use that word deliberately – other public sector workers are being forced to take a 1 per cent pay increase cap on their salaries. That’s the big issue here.

From William Hague, the foreign secretary

The long-term incentive scheme that everybody has been talking about was actually agreed in 2009 under the previous Labour government, so I don’t think they have that much to congratulate themselves about. But, as the chancellor has said, it’s a sensible and welcome decision.

8.45am: Stephen Hester’s decision to give up his £1m bonus is still dominating the news this morning. Hester backed down after Labour announced it was going to force a Commons vote on the issue and this raises the prospect that parliament could start trying to veto other bonus payments. All three main parties have been welcoming Hester’s move this morning but at least one brave soul has been suggesting that Hester should have kept his money. Mark Field, the Tory MP for the Cities of London and Westminster, told Radio 5 Live that Hester had been the victim of “lynch mob activity”.

Its pretty unedifying watching politicians doing it, actually, I don’t like to see political figures jumping on a particular bandwagon to kick the guy … You can look at the share price and say well, there hasn’t been a great success. The reality is the bank has been put on a much more sustainable footing … We’ve got £45bn that is tied up in this bank. My big worry is, who in their right mind is going to want to put themselves through the mill that Stephen Hester has been through in the last weeks and months?

I’ll post a full round-up of the reaction to the Hester decision later.

David Cameron is in Brussels today for his first EU summit since his decision to “veto” a new EU treaty. I’ll be keeping an eye on that, although it will probably wrap after I’ve finished.

Otherwise, here’s the agenda for the day.

10am: Theresa May, the home secretary, gives a speech on police reform. She will announce plans to plans to give communities tougher protection from anti-social behaviour.

10am: Stig Abell, director of the Press Complaints Commission, and his predecessor Tim Toulmin give evidence to the Leveson Inquiry.

10.30am: Ed Milband, the Labour leader, gives a speech in Glasgow on the case for Scotland staying in the UK. He will argue that the goals of fairness and justice are best delivered within the UK.

10.30am: Labour MPs Natascha Engel and Keith Vaz and Tory MP Douglas Carswell speak at a People’s Pledge press conference where it will set out its campaign strategy for 2012. The People’s Pledge is a cross-party group campaign for a referendum on Britain’s membership of the EU.

3.30pm: Kenneth Clarke, the justice secretary, is expected to make a Commons statement on plans to reform the Criminal Injuries Compensation Scheme. He wants to restrict the ability of convicted criminals to claim compensation.

3.30pm: Lord Turner, chairman of the Financial Services Authority, and Hector Sants, its chief executive, give evidence to the Commons Treasury committee about the collapse of RBS.

As usual, I’ll be covering all the breaking political news, as well as looking at the papers and bringing you the best politics from the web. I’ll post a lunchtime summary at around 1pm and another in the afternoon.

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