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Brexit Bankers Bonus Bonanza?
StevieJ
Posts: 20,174 Forumite
Not sure how this will go down with your average Brexiteer?
Barclays Plc Chief Executive Officer Jes Staley called on U.K. Prime Minister Theresa May to cut taxes and relax regulations on British banks after Brexit, according to a person familiar with his comment
https://www.bloomberg.com/news/articles/2018-01-11/barclays-ceo-is-said-to-urge-u-k-s-may-to-cut-taxes-post-brexitOne of the EU rules that has chafed on lenders and British regulators alike is the post-2014 limit on bonuses to twice fixed pay. Bank of England Governor Mark Carney said in November that the U.K. could review the cap after Brexit.
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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