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The Independent UK
The Independent UK
National
Dominic McGrath

Lifting of cap on bankers’ bonuses expected in Chancellor’s autumn budget

Jeremy Hunt Rachel Reeves Inflation
PA Wire

Jeremy Hunt is expected to lift the cap on bankers’ bonuses when he delivers his autumn budget on Thursday.

The Financial Times first reported the Chancellor will make the lifting of the cap one of the few measures to survive from Kwasi Kwarteng’s disastrous mini-budget, as he bids to use the autumn statement to restore the UK’s economic credibility.

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