Remove politics kwasi-kwarteng
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Kwarteng plan to lift cap on bankers’ bonuses infuriates unions

TheGuardian

Unite leader deplores prospect of post-Brexit deregulation drive ‘when millions are struggling’ Unions have reacted with fury to the prospect of the government scrapping a cap on bankers’ bonuses, as ministers geared up for a return to near-normal politics next week, topped by an emergency mini-budget on Friday.

Taxes 98
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Rachel Reeves explains why Labour will not re-instate cap on bankers' bonuses – video

TheGuardian

Reeves said the former chancellor Kwasi Kwarteng's decision to lift the measure – introduced after the 2008 financial crisis – was the wrong priority, but she defended her party's U-turn.

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Liz Truss faces backlash over plan to lift cap on bankers’ bonuses – UK politics live

TheGuardian

PA says: Despite politics as normal being paused while the nation mourns the Queen’s death, the government responded to the action ahead of today’s deadline. The bloc had requested a response to its raft of infringement proceedings over the UK’s failure to comply with the rules before the end of the day.

National 101
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OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

TheGuardian

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts Kwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show a hole of more than £60bn left by his sweeping tax cuts and a sharply slowing growth outlook.

Taxes 98
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UK banks to raise mortgage market fears in Kwarteng meeting

TheGuardian

Chancellor’s meeting with high street lenders comes amid mounting concern over fallout from rising loan rates High street bank bosses will tell the chancellor, Kwasi Kwarteng, that they have growing concerns over the state of the UK’s mortgage market when they gather at Number 11 Downing Street on Thursday.

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City sceptical about benefits of scrapping cap on banker bonuses

TheGuardian

But what the chancellor, Kwasi Kwarteng, failed to mention to bank bosses was that their pay would become a lightning rod for controversy in the mini-budget that followed. Continue reading.

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Banks among biggest beneficiaries of Kwarteng’s mini-budget

TheGuardian

From scrapping the cap on bonuses to slashing red tape, the chancellor unveils a raft of policies he says will boost economic growth Banks will be among the biggest beneficiaries of Kwasi Kwarteng’s mini-budget after he announced a raft of policies to help costs, boost profits, lure staff, fuel house prices and slash red tape.