UK Unions in Fury Over Plan to Scrap Banker’s Bonus Cap as ‘Millions Are Walloped by Soaring Costs’

Sep 16, 2022 | EARNINGS

Liz Truss’s new Chancellor, Kwasi Kwarteng, who is to deliver a mini-budget next week, reportedly has his sights set on boosting City of London’s competitiveness against rival hubs in New York, Frankfurt, Hong Kong and Paris, with scrapping the bankers’ bonus cap seen as a “clear Brexit dividend.”

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