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The Independent UK
The Independent UK
National
Matt Mathers

What are the rules on bankers’ bonuses as chancellor wants to scrap cap?

Getty Images/iStockphoto

New chancellor Kwasi Kwarteng is reportedly considering whether to scrap a cap on bankers' bonuses.

Mr Kwarteng is said to believe that getting rid of the restrictions would grow the economy and make the City of London more attractive to global talent, bringing in further tax revenue.

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