In case anyone was under any illusion about Liz Truss, the latest Tory plans to enrich the ultra-rich by getting rid of the cap on bankers’ bonuses spell it out in bold – the nasty party is back.
There is no doubt about the agenda for the Truss premiership, short or long as it may be. That is to cut taxes for the rich, get rid of rules and protections that fetter the greed and excess of rampant capitalism and allow a breed of profiteering Tory cronies, already bloated from Covid contracts, to cash in as quickly as possible.
The plans being floated to end the cap on bankers’ bonuses could not be more blatant. It is as if the 2008 crash, symbolised by the greed is good reign of Fred “The Shred” Goodwin at the Royal Bank of Scotland had never happened.
