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Morning Wrap: today's top business stories

News stories from around the web.

RWE npower says green policies will mean higher energy bills (FT)

RWE npower became the first of the big six power suppliers publicly to warn that the government’s green policies will cost consumers more, saying energy bills would rise by more than 19 per cent by the end of the decade.

GSK executive confesses to bribery on Chinese television (Telegraph)

One of GlaxoSmithKline's senior executives in China has appeared on state television to publicly confess to bribery.

'Brexit': IEA offers prize for UK exit plan from EU (BBC)

The Institute of Economic Affairs (IEA) has announced that it is holding a competition to find the best plan for a UK exit from the European Union.

EU: More UK bankers paid above 1m euros (BBC)

More British bankers earned more than one million euros (£860,000) each in 2011 than the rest of the European Union (EU) put together, according to the European Banking Authority (EBA).

Bernanke faces grilling over bond buying (FT)

Ben Bernanke’s power over markets will be put to the test this week when he gives what is likely to be his last monetary policy report to US Congress.