Thursday 15 September 2022 08:59 AM Kwasi Kwarteng 'is set to scrap cap on bankers' bonuses' to protect City trends now
Thursday 15 September 2022 08:59 AM Kwasi Kwarteng 'is set to scrap cap on bankers' bonuses' to protect City trends now
Kwasi Kwarteng 'is set to scrap cap on bankers' bonuses' to protect City from EU competitors in emergency budget next week Kwasi Kwarteng could ditch the cap on bonuses in bid to bolster City's strength Bonuses are limited to two times salaries under rules following the credit crunch Fears that London faces competition from financial capitals such as Paris
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Kwasi Kwarteng could ditch the cap on bankers' bonuses in the emergency budget next week, it was revealed today.
The Chancellor is weighing up dropping the rules - which mean bonuses cannot be more than twice salaries - to boost the City.
The move was floated when Boris Johnson was PM, before being dropped
