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Chancellor’s City revamp is dismissed by MPs

The Trades Union Congress has accused the Tory government of promoting a “greed is good” culture among bankers, who it said would be able to “cash in on unlimited bonuses” after a cap on payouts was lifted on Tuesday. The TUC said that while ministers had repeatedly called for pay restraint for most workers, they had been “silent over excess in the City”. – Guardian

MPs have accused Britain’s biggest high street banks of seeking “to do as little as they can get away with” on raising savings rates for customers.The Commons’

An alpha-male culture still exists in the City and initiatives to advance women’s careers are often mere box-ticking exercises, according to evidence given to the Commons’ Treasury committee.Reports sent to MPs looking into the barriers faced by women in financial services revealed a widespread use

Ada Ventures, the VC firm which backs breakthrough ideas, is set to become the first investor in Europe to directly support founders in their portfolio with the cost of childcare.