BBCNEWS BBC News Special June 4, 2024 13:28:00
The treasury is considering removing a cap on bankers' bonuses as part of a post—brexit shake—up of city rules. the bbc has been told that no final decisions have been made, but that the chancellor, kwasi kwarteng, is considering it as a way of making london a more attractive place for global banks to do business. our business editor simonjack is here. this was introduced in 2014 and it limits bankers bonuses to two times the base pay, introduced after the financial crisis, as a way of trying to limit the amount of excessive risk—taking which many people thought caused the crisis and wha...