After voting against a cap as recently as January, the Chancellor has taken fright.
Any relocation would be largely symbolic but the Scottish economy desperately needs to be rebalanced.
The party challenges the Chancellor to veto any move by RBS to double the bank bonus cap under new EU rules.
Having previously briefed that Osborne was planning a pre-election give-away of shares, the Tories changed tack after Balls's intervention.
The new report from the Parliamentary Commission on Banking Standards busts the myth that pay has fallen since the crash.
My Lib Dem colleagues and I will not stand by and watch private investors reap all of the benefits once the banks are taken off intensive care.
RBS has announced losses of over £5.1bn and bonuses of £679m, after being bailed out by the taxpayer. Through Stephen Hester's sleight of hand, we are expected to believe that this has been a “chastening year” for the bank.
Cabinet ministers are reportedly pushing for the full nationalisation of RBS.
The bank has confirmed it will pay back loans.