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The Guardian - UK
The Guardian - UK
Politics
Matthew Weaver and Aubrey Allegretti

Kwasi Kwarteng planning to scrap caps on bankers’ bonuses

Kwasi Kwarteng Andrew Sentance City
Kwasi Kwarteng’s plan to scrap caps on bankers’ bonuses is part of what he calls ‘Big Bang 2.0’.
Kwasi Kwarteng’s plan to scrap caps on bankers’ bonuses is part of what he calls ‘Big Bang 2.0’. Photograph: Graeme Robertson/The Guardian

The UK chancellor, Kwasi Kwarteng, is reportedly planning to scrap caps on bankers’ bonuses in a controversially timed move to attract more talent to the City of London.

A source close to Kwarteng confirmed the chancellor was considering lifting the cap but emphasised that no decision had been taken.

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