Kwasi Kwarteng planning to scrap caps on bankers’ bonuses
by Matthew Weaver and Aubrey Allegretti from World news | The Guardian on (#63N99)
Critics question chancellor's idea of abolishing rules imposed after 2008 financial crash during cost of living crisis
The UK chancellor, Kwasi Kwarteng, is reportedly planning to scrap caps on bankers' bonuses in a controversially timed move to attract more talent to the City of London.
A source close to Kwarteng confirmed the chancellor was considering lifting the cap but emphasised that no decision had been taken.
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