Cap on bonuses 'unenforceable'
A SIMPLE cap on bonuses paid to City bankers would be "unenforceable", Chancellor Alistair Darling has warned.
Proposals to curb excessive pay and bonuses are being pushed by European nations at a meeting of G20 finance ministers in London. But Mr Darling said top bankers would simply find other ways to reward themselves. He also warned of "implacable" opposition from other countries.
Their comments follow yesterday's letter from Prime Minister Gordon Brown and other leaders floating means of restraining bonuses.
Email to a friend
Print this page- Rangers run into the ground as furious HMRC battles to claw back tax
- Broken Rangers: Club signals intention to go into administration
- Scottish independence: David Cameron offers a deal to reject independence
- Rangers: ‘Crisis will soon be over and Rangers FC will survive’
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Scottish independence: David Cameron offers a deal to reject independence
- Devo-max merely a dodgy back-up plan to save SNP, says Jim Sillars
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- The Rumour Mill: Thursday’s football news and gossip
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Sunday 19 February 2012
Today
Sunny spells
Temperature: 1 C to 5 C
Wind Speed: 15 mph
Wind direction: West
Tomorrow
Light rain
Temperature: 8 C to 10 C
Wind Speed: 24 mph
Wind direction: South west
