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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.
3 months ago·London, United Kingdom

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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.

3 months ago·United Kingdom
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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.

3 months ago·United Kingdom
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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

3 months ago·London, United Kingdom
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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

3 months ago·London, United Kingdom
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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.

3 months ago·United Kingdom
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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

3 months ago·London, United Kingdom
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