Bankers’ Bonuses

Part of Treasury – in the House of Commons on 11th October 2022.

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Photo of Tulip Siddiq Tulip Siddiq Shadow Minister (Treasury)

At a time when my constituents are struggling to make ends meet, struggling to put food on the table and struggling to put the heating on, the Government have decided that the way to increase growth in the economy is to lift the cap on bankers’ bonuses. Not a single person or a single bank that I spoke to in the City as shadow City Minister said that this was the right policy to drive growth in the economy. Does the Minister really think that the policy will drive growth in the economy, or will we see yet another U-turn from his Government?