Rishi Sunak is in office but Liz Truss remains in power. That’s the line that Labour are pushing on today’s announcement that the cap on bankers’ bonuses will be abolished next week. The change was initially announced by Kwasi Kwarteng in the infamous mini-budget of September 2022. It was one of the few measures to be retained when Chancellor Jeremy Hunt replaced Kwarteng at the Treasury on the grounds that it did not have an impact on state finances, unlike her tax cuts.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in