Chancellor Kwasi Kwarteng has come under fire for considering scrapping the cap on bankers’ bonuses, as millions struggle during the cost-of-living crisis. 8th September Lord Spencer(Tory donor) says get rid of the cap on bankers bonuses. Remove cap on bankers’ bonuses, no new windfall tax on energy companies and tax cuts to come that will favour the most well off. Lifting the EU cap on bankers’ bonuses being sold as a “Brexit benefit” during a cost-of-living crisis……shows exactly what many of us said Brexit was all about. https://t.co/2SCGJGZIp4 — George Monbiot (@GeorgeMonbiot) September 15, 2022Related: Treasury ‘considering removing cap on bankers’ bonuses as part of City shake-up’

Source: The Guardian September 15, 2022 20:36 UTC