Liz Truss defends plan to lift cap on bankers’ bonuses
The prime minister tells the BBC lifting a cap on bonuses is part of a plan to increase growth.
Prime Minister Liz Truss has said she is prepared to take “difficult decisions” such as removing a cap on bankers’ bonuses to boost the economy.
In an interview with the BBC, Ms Truss said that spurring economic growth may mean doing unpopular things.
Her government is considering removing a cap on bankers’ bonuses as part of a post-Brexit shake-up of City rules.
Speaking in New York ahead of a meeting with President Joe Biden, the PM said she was about “delivering for people”.
BBC Political Editor Chris Mason asked Ms Truss whether she was happy to see bankers getting bigger bonuses and for the rich to get richer.
“What I want to see is a growing economy,” Ms Truss said.
“If that means taking difficult decisions which are going to help Britain become more competitive, help Britain become more attractive, help more investment flow into our country, yes, I’m absolutely prepared to make those decisions.”
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