Article 63P01 What is the banker bonus cap and could scrapping it boost growth?

What is the banker bonus cap and could scrapping it boost growth?

by
Kalyeena Makortoff Banking correspondent
from on (#63P01)

Chancellor may lift EU-era restriction in hope of making UK more attractive to financial sector

The focus is back on banker pay after it emerged that the chancellor, Kwasi Kwarteng, is considering scrapping the City bonus cap as part of the government's wider pro-growth agenda.

What is the banker bonus cap?

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