Kwasi Kwarteng has controversially scrapped the cap on bankers' bonuses allowing City bosses to hand out millions of pounds to their employees.
The Chancellor of the Exchequer overturned the rules that were brought in following the global financial crisis in 2008 when Gordon Brown was Prime Minister.
Currently bonuses handed out to bankers are limited at double an employee's salary. It was announced last week that the government was considering removing the cap which was slammed by opposition parties. Labour 's shadow chief secretary to the Treasury, Pat McFadden, branded it a "bizarre move".
.png?w=600)
