By Claire West

Commenting on figures released this week which reveal that Goldman Sachs plans to pay staff nearly £10 billion ($15.38 billion) in pay and bonuses for 2010, TUC General Secretary Brendan Barber said:

'Goldman Sachs has stuck two fingers up to austerity Britain by shelling out mega bonuses again. These earnings would make Gordon Gekko blush.

'Bankers are toasting their telephone digit bonuses while the rest of the country reels from more than a fifth of young people being out of work. This government is overseeing a fast return to the worst excesses of the 1980s.

'The Chancellor must use the upcoming G20 meeting and budget to make good the coalition agreement to tackle unacceptable bonuses.'