CEO of Barclays tells reporters: ‘I deeply respect the responsibility that the chancellor has and he has our full support and backing’

Offenders who refuse to face their victims’ families in court for sentencing could be stripped of privileges or kept in cells for weeks under government changes granting wider powers to judges in England and Wales, Geneva Abdul reports.

Kalyeena Makortoff is the Guardian’s banking correspondent.

I recognise that the chancellor and the government has been entrusted with an important duty by the public and the people. And they have to balance a host of considerations. He [Healey] is the man in the arena, and I deeply respect the responsibility he bears on his shoulders and wish him well.

His long term goal is the same as our long term goal, which is to get growth.