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Cap on bankers’ bonuses to be SCRAPPED as part of post-Brexit push to boost City | Liam Halligan

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GB News Economics and Business Editor, Liam Halligan, discusses the cap on bankers’ bonuses as it is set to be scrapped.

#gbnews #banking #bonuses #brexit

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45 Comments

45 Comments

  1. @deviousdescent9010

    January 3, 2024 at 12:15 am

    So the rich get get richer and all the people that were conned into voting for brexit get poorer. No surprise there!

  2. @seaningram8496

    January 3, 2024 at 12:15 am

    This makes me laugh. The people most scared of removing the tax were the bankers. Why would my son want to give up the really nice life in Dubai to come back to this 3rd world crap hole.

  3. @dean9235

    January 3, 2024 at 12:15 am

    I knew it would not take long for the wretched Tory government to come full circle and start rewarding the traitor wanker bankers, again.
    We had to pay for their outrageous risks and we will have to again.
    I give up with their immorality, the legalising of their criminal behaviour, and cheating us.
    Not my government.

  4. @clairegovier-qt2cz

    January 3, 2024 at 12:15 am

    Why has he done this? It's a complete slap in the face to the British public struggling to pay their bills. Call me a cynic, but he knows they will lose the next election and lots of his buddies will lose their jobs, but are on the boards of banks. And i wonder how many 'tentative deals' are currently being worked out under the table. Sunak is a self serving *""*. Id LOVÉ to see figures on how many Tory MP's will benefit from this. I'd also Love to see how many benefit after the election. Over to you. Do some investagative journalism.

  5. @nicolass7102

    January 3, 2024 at 12:15 am

    Brexit is not working

  6. @Sabhail_ar_Alba

    January 3, 2024 at 12:15 am

    Brexit UK has attracted almost zero investment from tech, industry and manufacturing. No one is looking to the UK for their next big investment. Intel have just announced a $50 bn chip making plant in Germany creating 1000's of high paid jobs without even considering UK. The GBN economic journalist is very selective in his facts. Brexit has been a disaster for the ordinary person in terms of jobs, investment and even for mass immigration ( doubling). We were conned.

  7. @patrino

    January 3, 2024 at 12:15 am

    Unless the particular bank is majority owned or highly owned by the states bail out, then it’s none of the government’s business how much a banker gets paid as a bonus. They can do as they please

  8. @peterfoley3043

    January 3, 2024 at 12:15 am

    Banker now are in it for themselves again and NOT there clients ….utter madness !

  9. @samhartford8677

    January 3, 2024 at 12:15 am

    Wow! Another Brexit victory over EU over-regulation! I am sure all the Red Wall Brexit voters are happy.

  10. @Innoruuk

    January 3, 2024 at 12:15 am

    That was one of the main reasons for Brexit. Stop complaining – this is one of your "Brexit benefits"!

  11. @stephenconway2468

    January 3, 2024 at 12:15 am

    There were always ways around the direct bonuses ban. However, when Brexiteers talk about the EU, this is about the only thing we had to take a ban on bonuses. Ironically, what has happened in the past and will continue to happen, is that such bonuses get spent on German cars, Swiss watches and foreign holidays. Plus on houses in the UK making the house prices go even higher.

  12. @drdeadred851

    January 3, 2024 at 12:15 am

    I couldnt care less about how much of a bonus they give each other, but just like Liam said what a stupid choice out of everything to be boost from Brexit as doing something like this where the benefits are realistically pretty negligible and the optics of it are horrid just before an election. They just keep doing more and more seemingly try to lose as hard as they can.

    Really they should be able to take as many risks as they like, provided that they wont just be bailed out. For the industry to actually work properly they need to be able to fail. If anyone should have been bailed out in 2008 it should have just directly been the people keeping their money with those banks, which the government should have then liquidated the banks in question and their shareholders assets to pay for it.

    If we did something like that it would do far far more to make bankers more carful than just capping their bonuses. Or potentially introduce some new law or regulation directly targeting this problem of high risk banks losing their clients money, ideally really we should pick banks ourselves as informed consumers based on things like this.

    Maybe introduce the banking equivalent of the traffic light system in on food for banks, require them to be a lot more transparent with how they use your money etc. to allow people to make better choices as consumers. As things are what average person has any idea how risky their bank is with their money its not something the average person at all thinks about really.

  13. @jonahacquah2785

    January 3, 2024 at 12:15 am

    Amazed anyone thinks there’s anything called a talented banker. Didn’t know talents existed in the gambling ecosystem.

  14. @DarrenSmith-zz6fk

    January 3, 2024 at 12:15 am

    I see yields are spikeing again i remember Liam calling for liz truss to go

  15. @penshaw2

    January 3, 2024 at 12:15 am

    Yep, the Brexit benefit – screw the poor disabled and average worker and give the money to the super rich just as all Brexiteers wanted and voted for!

  16. @rogerhudson9732

    January 3, 2024 at 12:15 am

    In a bank like HSBC do All? employees get a bonus ??

  17. @crulove

    January 3, 2024 at 12:15 am

    Employers and employees should be the ones to decide on the renumeration arrangements for their work. The state has no business telling a company what bonuses they can pay.

  18. @Tracer3

    January 3, 2024 at 12:15 am

    It's all getting Out of Control and Obscene.

  19. @paulb3243

    January 3, 2024 at 12:15 am

    £11m for breaching client confidentiality and resigning in shame – easy at the top hey…

  20. @Evemeister12

    January 3, 2024 at 12:15 am

    So no benefit to british people. Just a handful of spivs. The idiots who voted for brexit have ruined the country.

  21. @razkhan2958

    January 3, 2024 at 12:15 am

    Cap these bank bonus? People are struggling to meet ends in the cost for living crisis

  22. @senanur1983

    January 3, 2024 at 12:15 am

    Will they scrap income tax? UK is a rich country should not be begging and stealing money from hard working class people.

  23. @amfearliathmor9747

    January 3, 2024 at 12:15 am

    The City of Londonistan. The Parasitical Worm feasting on its victim.
    Procol Harum – The worm and the tree

  24. @amfearliathmor9747

    January 3, 2024 at 12:15 am

    The Lettice Head Prime Minister 'Greed in Good' moment they conveniently 'forgot' to stop.

  25. @amfearliathmor9747

    January 3, 2024 at 12:15 am

    Jesus Christ! As if the benefits of the Debt Based Cycle Cantillion effect for these folks wasn't already enough!

  26. @amfearliathmor9747

    January 3, 2024 at 12:15 am

    How on earth can there be unlimited Bankers Bonuses and remuneration in a City of Londonistan that already has infinite rehypothecation?
    The Prisoner – Dry Bones – The Four Lads
    The last Hip Hip Hooray before it all goes away?

  27. @amfearliathmor9747

    January 3, 2024 at 12:15 am

    'Best Banking Talent from around the World'…LMFAO
    Even Fred the Shred didn't even realise that the Balance sheet numbers wasn't £1000 but £1,000,000! And try and get a Bankster to tell you an 80s Scottish Ordinary Grade Arithmetic for the Compound Interest formula.

  28. @user-pp7yv7qu9f

    January 3, 2024 at 12:15 am

    They are literally sticking their fingers up at us and we're just taking it. I thought French were cowards turns out. That we are the ones that are cowards.

  29. @CheckFred

    January 3, 2024 at 12:15 am

    "Save Our Bankers" … On 'The Island Of Dreams' …… @ readi-bay ……

  30. @jumior

    January 3, 2024 at 12:15 am

    excellent news a bunch of coked up a holes will now get even more ,

  31. @garethwilliams4467

    January 3, 2024 at 12:15 am

    he forgot that 45% of the bonuses will be going ot the scroungers. So why worry … it was a booming city that paid for Blair/Brown.

  32. @aion5837

    January 3, 2024 at 12:15 am

    Liam doesn't seem to know that the Wall Street Stock Exchange is run entirely by an algorithm. The prices feedback that used to pass though people now operates entirely outside of human intervention. This feedback and response also operates at enormous speed.
    Financial services invest in other financial services. It is entirely mistaken to think that they invest in manufacturing etc. It's self-serving. So, what is being 'boosted' exactly?

  33. @user-gd1yg6le1h

    January 3, 2024 at 12:15 am

    Red tape go with Brexit, small business go to the wall , the lack of investment is nothing new ,

  34. @rjw4762

    January 3, 2024 at 12:15 am

    Whether people like it or not, the City of London is the engine room for the Treasury. It used to be our Manufacturing Exports that 'brought home the bacon' but for 40 years it's been London. ANything that helps that process, should be encouraged.

  35. @HellRainGod

    January 3, 2024 at 12:15 am

    why bankers get bonus, is beyond a joke, DON'T BE A BANKERS SLAVE, IF YOU NOT GOT IT YOU CANNOT GET IT ATTITUDE IS NEEDED…

    I NOT GOT IT, YOU CAN'T GET IT, BECAUSE I WON'T BE YOUR SLAVE TO GIVE IT TO YOU,,, THE POOR MAN KNOCK ON TOWARDS THE RICH, I NOT GOT IT I CAN'T HAVE IT, THAT EFFECT SHOULD SOON KNOCK ON UP THE RICH POCKET'S…
    EXAMPLE, NEED £150,000 FOR YOUR HOUSE, I NOT GOT £150,000 TO GIVE, YOU EITHER REDUCE TO GET OR YOU'RE STUCK AS I…

  36. @onetone4561

    January 3, 2024 at 12:15 am

    The bonus should not be paid where the state still owns a percentage

  37. @antsilk2758

    January 3, 2024 at 12:15 am

    While we’re paying high interest rates… it’s called robbery.

  38. @paulmiller570

    January 3, 2024 at 12:15 am

    Ok give then bonuses and make them pay back what we gave them in 2008. This country is a farce! The rich get rich and the rest can fucking wistle!

  39. @astridgilberto

    January 3, 2024 at 12:15 am

    The destruction of our manufacturing base is the real disaster in this country. All the Net zero scam had done is accelerate the process. Farming out our CO2 production to India and China and the other Far East countries is a total exercise in hypocrisy.

  40. @klackon1

    January 3, 2024 at 12:15 am

    It's not just the king's ransom they are paid: looking at the lies they propagated about Nigel Farage, they despise those who voted for Brexit and, I dare say, the working class. I perceive them to be champagne swilling, London centric, parasites. They have shown that their "expertise" is valueless.

  41. @littlejohn2708

    January 3, 2024 at 12:15 am

    Bonuses should not be payable to managers and executives who fail. Many UK banks still owe the people of the UK enormous sums of money. Hence, no bonuses should be paid until to bank employee's until this debt is repaid to the people and the banks starts to show an actual profit.

  42. @andrewoliver8930

    January 3, 2024 at 12:15 am

    The bonus cap was there to stop high-risk taking that caused the previous issue. Set your timers for the next banking problem.

  43. @Rich-oc8pi

    January 3, 2024 at 12:15 am

    This is the real reason we left Europe! To make the elite even richer, don’t let the chinless wonder tell you any different!

  44. @jjefferyworboys8138

    January 3, 2024 at 12:15 am

    I have a friend who was an Investment Banker, his salary and bonuses were huge.
    The demands and pressures to perform were enormous and I didn't envy him one little bit.

  45. @ianplowman8689

    January 3, 2024 at 12:15 am

    Pandering to the rich for votes, and for all those Tories who are not standing at the next election, to secure their new jobs.

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