The new Tory chancellor has been accused of planning “pay rises for City bankers, pay cuts for district nurses” as it was revealed the government is considering scrapping the cap on bankers’ bonuses.
Labour leader Keir Starmer attacked the controversial proposal from Kwasi Kwarteng to allow bankers’ bonuses to soar to the millions while most ordinary workers see their wages fall because of inflation and the cost of living crisis.
Starmer said that the new chancellor was putting bankers ahead of NHS workers who face a real cut in their wages under public sector pay proposals.
