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Banker bonus cap faces axe in post-Brexit drive to cut regulation
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The UK government is looking to scrap the cap on banker bonuses, as it eyes a further break with legacy EU rules, the Independentreported.
Chancellor Rishi Sunak should review "deregulatory measures to reduce the overall burden on business", he was told in a private letter from Prime Minister Boris Johnson's chief of staff Steve Barclay, including restrictions on City bosses' pay and perks.
The...
Read more on fnlondon.comAbout this in other media
Crunch day for Boris Johnson as he faces MPs after a flood of resignations euronews.com /2 years ago
Regulators under post-Brexit pressure to gut Solvency II fnlondon.com /2 years ago
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