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Evening Standard
Evening Standard
Business
Jonathan Prynn

This isn’t the time to lift the cap on bankers’ bonuses

Leonardo Di Caprio plays a bonus heavy banker in ‘The Wolf of Wall Street’

(Picture: Red Granite Pictures/Paramount)

If it ain’t broke, don’t fix it seems a pretty decent motto in life. And the City is certainly far from broke, under any definition of the word.

New Chancellor Kwasi Kwarteng has been briefing City grandees he is minded to lift the cap on City bonuses — currently set at 200% of base pay.

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