Bankers’ bonus cap: why the UK should be wary of scrapping a policy that protects economic stability

By Alper Kara, Professor and Head of Department - Accounting, Finance and Economics, University of Huddersfield

At a time of rising prices and an ever increasing cost of living, there are at last signs of a financial boost for an industry toiling away at the economic coal face. British bankers, it seems, could be about to receive a hefty pay rise, with the new UK chancellor reportedly planning to scrap the limit on how much they receive in bonuses.

At the moment, that limit stands at 100% of a banker’s salary, but can be doubled to 200%,…

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