UK Politics
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!ukpolitics@lemm.ee appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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I understand Labour will get some stick for this, but I’m not really sure what benefits we get from the cap. I’m not saying we get any benefit from not having a cap, but I’m sure banks will find a way around the cap. And I’m not sure the money not given as bonus was finding its way to the workers anyway
Here's a decent summary
https://www.shlegal.com/insights/first-formal-steps-towards-removal-of-the-bonus-cap-in-uk-banks