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Banker bonus cap wasn’t working, says new chancellor Jeremy Hunt
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fnlondon.comThe UK government's plan to remove the cap on City bonuses is going ahead, new chancellor Jeremy Hunt confirmed.
"I think the mechanism with the cap wasn't working; we will get more money out of the pockets of rich bankers by what we are going to do now," Hunt told parliament on 17 October.
The Bank of England's regulatory arm, the Prudential...
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