UK's Kwarteng considering end to cap on banker bonuses
British finance minister Kwasi Kwarteng is considering scrapping caps on bankers' bonuses to boost London's post-Brexit competitiveness against financial capitals like New York and Hong Kong, a source familiar with Kwarteng's thinking said.
Kwasi Kwarteng to lift cap on banker bonuses; John Lewis slumps to £99m loss – business live
Chancellor reportedly plans to lift the EU-imposed banker bonus cap as part of post-Brexit reforms; John Lewis says ‘uniquely uncertain’ outlook puts staff bonuses at risk
Tories draw up plan to axe cap on banker bonuses while Brits struggle with bills
Chancellor Kwasi Kwarteng, who was one of Liz Truss's first appointments when she became Prime Minister last week, is weighing up abolishing a cap that means bosses cannot award more than double an employee's salary