Introduced in 2014 when the UK was part of the EU, the cap was designed to curb excessive risk taking in the financial services industry in the wake of the 2008 financial crash.
And ..
But finance bosses have long complained about the rules, saying they lead to higher base pay that pushes up banks' fixed costs.
Those costs cannot be adjusted in line with the firm's financial performance, they add, making it to cut costs during a downturn.
Mind boggles. Driving us towards the abyss ..
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