Kwasi Kwarteng considers scrapping bankers’ bonus cap to boost City
The new chancellor believes removing a cap on bankers’ bonuses could boost growth in the City. …
The proposal “sends a rather confused signal when people are being squeezed in terms of the cost of living, and the government is trying to encourage pay restraint in the public sector”, Andrew Sentance, a former member of the Bank of England’s Monetary Policy Committee, told the BBC.
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