Published 2 years ago

UK's Kwarteng considering end to cap on banker bonuses

Summary by Ground News

Chancellor Kwasi Kwarteng is reportedly considering a plan to scrap caps on bankers' bonuses as part of a post-Brexit bid to boost London's competitiveness. City bosses have long complained about the EU-wide bonus rules which cap bonuses at twice an employee's salary.

0 Articles

All

Left

Center

Right

BBC News

Kwasi Kwarteng considers scrapping bankers’ bonus cap to boost City

The new chancellor believes removing a cap on bankers' bonuses could boost growth in the City.

2 years ago·United Kingdom

Read Full Article

The Guardian

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

2 years ago·London, United Kingdom

Read Full Article

The Independent

Chancellor wants to scrap bankers’ bonus cap to boost City of London

Boris Johnson backed away from move, fearing political backlash – but Kwasi Kwarteng has put it back on agenda

2 years ago·London, United Kingdom

Read Full Article

Reuters

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.

2 years ago·United Kingdom

Read Full Article

Daily Express

Kwasi Kwarteng vows to scrap bankers' bonuses in Brexit boost for City

Liz Truss' new Chancellor Kwasi Kwarteng is looking to kickstart his new 'Big Bang 2.0' by deregulating the City of London post-Brexit.

2 years ago·United Kingdom

Read Full Article

Daily Mirror

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

2 years ago·London, United Kingdom

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.