Friday, September 23, 2022

UK to scrap banker bonus cap in deregulation drive for growth

Bravo! The Brexit keeps on giving! The new Prime Minister is fast making progress!

Let a free London financial market be again one of the world's greatest! E.g. Hong Kong was taken over by the Chinese communists.

"Britain will scrap a cap on banker bonuses, its new finance minister said on Friday, pledging an ambitious deregulation of London's financial industry to boost growth ..."

Incredible, the socialist EU imposes a bonus cap on bankers! "The cap limits bonuses to twice a banker's basic salary, with shareholder approval, and was introduced in the European Union to curb excessive risk taking after taxpayers had to bail out lenders in the global financial crisis. ..."

UK to scrap banker bonus cap in deregulation drive for growth | Reuters

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