Bankers and bonuses - a British plan to force them to hand back their millions if the bank has long term losses, or jail them if they've been reckless

It's six years since the great banking crash, but bankers are still up there with journalists and warlords as possibly the least popular people on the planet.

At the centre of the debate here in Britain is how much the gods of the financial world still get paid, and the fact that in many cases they still get their bonuses whether the business succeeds or fails.

Now there is a move to bring the law down on errant bankers - the Bank of England, the UK's central bank, is suggesting legally enforceable rules to claw back bonuses if things go wrong, and laws that could potentially jail bankers who recklessly cause their business to fail.

So should the law get involved? Or should the market be left to reward and punish bankers?

We bring together Ben Southwood, head of policy at the free market think tank, The Adam Smith Institute, and Luke Hildyard, deputy director of the High Pay Centre think-tank.