Business

Bankers bonus cap to be scrapped in the UK

The scrapping of the bankers' bonus cap in the UK marks a spirited move towards global competitiveness. This bold step accentuates the nation's resolve to attract global talent, promising a new dawn of economic dynamism in the post-Brexit era

Elizabeth Jenkins-Smalley

Editor In Chief at The Executive Magazine

As the financial landscape of the UK steers towards uncharted territories post-Brexit, a significant page was turned on October 24, 2023, when Britain officially discarded the decade-old cap on bankers' bonuses, a legacy inherited from the European Union. The cap, which was established with the intention of reining in the extravagant bonus culture...

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