Blog: Banker bonus cap faces axe in post-Brexit drive to cut regulation – Financial News

The UK government is looking to scrap the cap on banker bonuses, as it eyes a further break with legacy EU rules, the Independentreported.

Chancellor Rishi Sunak should review “deregulatory measures to reduce the overall burden on business”, he was told in a private letter from Prime Minister Boris Johnson’s chief of staff Steve Barclay, including restrictions on City bosses’ pay and perks.

The…

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