THE cap on bankers’ bonuses is being removed as part of a post-Brexit shake-up of UK financial rules, it has been confirmed.
The plan was announced by former chancellor Kwasi Kwarteng last year as a way of making London a more attractive place to do business.
It was one of the few mini-budget policies to remain after most were unwound by Mr Kwarteng’s successor.
The cap on bonuses will be lifted from 31 October, the regulator said. bbc.com