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HomePoliticsCap on bankers' bonuses to be scrapped

Cap on bankers’ bonuses to be scrapped


The plan to remove a cap on bankers’ bonuses was unveiled in the mini-budget in September 2022, under the then-Prime Minister Liz Truss and her Chancellor, Mr Kwarteng. However, the package of measures in the mini-budget sparked turmoil on the financial markets and Mr Kwarteng was sacked shortly afterwards.



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