Only 15% of public support plans to remove the cap on bankers' bonuses

Only 15% of the public support Brexit idea of scrapping the cap on bankers' bonuses introduced in the wake of the 2008 financial crisis.
Chancellor Kwasi Kwarteng has been criticized for considering a plan to remove the cap and allow bankers' incomes to skyrocket while millions battle the cost of living crisis.
Unions, MPs and economists have slammed the 'obscene' proposal to end the ceiling introduced in the EU in 2011, which limits annual payments to twice a banker's salary.
A YouGov snapshot survey found a large majority of people opposed to the plan. Only 15% said the cap should be removed, while 67% said it would stay in place.
Only 20% of Tory voters wanted the chancellor to lift the bonus cap, 65% of them 100 against the idea.
Labour voters are even more strongly opposed to the move, with just 12% in favor and 80% saying it should not be dropped.RecommendedPlan to remove bankers' bonus cap, deemed 'obscene' amid pay cuts and 'huge risk' to economy We Can't Afford to Forget the Lessons of the Past on Banker Bonuses="Liz Truss is trying to distract from 'trash' leadership by going after the Treasury, says former Chief Financial Officer public function" height="56" width="82" layout="responsive" class="i-amphtml-layout-responsive i -amphtml-layout-size-defined" i-amphtml-layout="responsive"/>Liz Truss is trying to distract from 'waste' leadership by going after the Treasury, says ex-civil service chief
Sources close to Mr Kwarteng have said no final decision on bonus proposal n 'was taken, but suggested that such a decision on as part of a wider overhaul of the city's regulations post-Brexit would make London a more attractive location for global banks.

Politics Sep 16, 2022 0 67 Add to Reading List

Only 15% of public support plans to remove the cap on bankers' bonuses

Only 15% of the public support Brexit idea of scrapping the cap on bankers' bonuses introduced in the wake of the 2008 financial crisis.

Chancellor Kwasi Kwarteng has been criticized for considering a plan to remove the cap and allow bankers' incomes to skyrocket while millions battle the cost of living crisis.

Unions, MPs and economists have slammed the 'obscene' proposal to end the ceiling introduced in the EU in 2011, which limits annual payments to twice a banker's salary.

A YouGov snapshot survey found a large majority of people opposed to the plan. Only 15% said the cap should be removed, while 67% said it would stay in place.

Only 20% of Tory voters wanted the chancellor to lift the bonus cap, 65% of them 100 against the idea.

Labour voters are even more strongly opposed to the move, with just 12% in favor and 80% saying it should not be dropped.Recommended Bonus cap removal plan bankers condemned as 'obscene' amid pay cuts and 'huge risk' to economy Plan to remove bankers' bonus cap, deemed 'obscene' amid pay cuts and 'huge risk' to economy We cannot afford to forget the lessons of spent on banker bonuses We Can't Afford to Forget the Lessons of the Past on Banker Bonuses="Liz Truss is trying to distract from 'trash' leadership by going after the Treasury, says former Chief Financial Officer public function" height="56" width="82" layout="responsive" class="i-amphtml-layout-responsive i -amphtml-layout-size-defined" i-amphtml-layout="responsive"/>Liz Truss is trying to distract from 'waste' leadership by going after the Treasury, says ex-civil service chief

Sources close to Mr Kwarteng have said no final decision on bonus proposal n 'was taken, but suggested that such a decision on as part of a wider overhaul of the city's regulations post-Brexit would make London a more attractive location for global banks.