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Evening Standard
Evening Standard
World
Sian Baldwin and Tamara Davison

What was the cap on bankers' bonuses and why was it scrapped? Labour has 'no intention of reinstating it'

the Financial Conduct Authority

The Labour Party has come under fire after it emerged that it had no intention of changing former prime minister Liz Truss’ scrapping of bankers’ bonuses. 

The European Union introduced rules in 2014 to avoid another economic crisis like the one in 2008.

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