Business leaders hit out over Goodwin 'hysteria'

The decision to strip former Royal Bank of Scotland boss Fred Goodwin of his knighthood has been criticised by business and political figures.

Ex-Labour Chancellor Alistair Darling said the decision appeared to have been taken "on a whim", as Mr Goodwin was not the only banker to cause problems.

The Institute of Directors warned of creating "anti-business hysteria".

Mr Goodwin was RBS chief executive in 2008 when the bank's near-collapse prompted a £45bn taxpayer bailout.

Nick Robinson reports.