No U-turn from Jeremy Hunt on scrapping bankers’ bonus cap
by Kalyeena Makortoff Banking correspondent from on (#64TN4)
New chancellor made no mention of policy in economic update but Treasury sources confirm he will go ahead with controversial move
The new chancellor, Jeremy Hunt, is pressing on with plans to scrap the bankers' bonus cap, protecting one of the most divisive policies from his predecessor's disastrous mini-budget.
A Treasury source said the cap was not included in Hunt's list of policy U-turns on Monday, which included scaling back tax cuts and the energy price guarantee, given that it did not have an impact on state finances.
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