Bonuses Battleground ; Tories Facing City Backlash As They Warn the Big Banks
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Summary
GEORGE Osborne faced a backlash from the Tories' traditional City allies last night after calling for an end to big cash bonuses.
The Shadow Chancellor proposed emergency measures to stop High Street banks making cash payments of Pounds 2,000 or more.See the full content of this document
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Bonuses Battleground ; Tories Facing City Backlash As They Warn the Big Banks
Anything above that would have to be in shares.
Mr Osborne said the ban would free up to Pounds 20billion for loans to businesses and homeowners. Complying with it should be a condition of banks receiving taxpayer guarantees and su...See the full content of this document
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