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Daily Mirror

Politics

Dave Burke

Tories SCRAP cap on multimillion pound bonuses for wealthy bankers as millions struggle

Kwasi Kwarteng House of Commons Frances OGrady TUC

Tories today announced a huge boost to millionaire bankers by SCRAPPING a cap on massive bonuses handed out by City bosses.

Announcing his mini-budget, Chancellor Kwasi Kwarteng opened the door for unlimited payments to be dished out yet again.

Under rules brought in after the 2008 financial crash, bonuses are limited at double an employee's salary.

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