Saetana
I am not a fan of Jeremy Hunt but was reluctantly impressed with his performance at the dispatch box this afternoon. He was clear and concise about his plans, and the markets have rallied in response. Bankers bonuses cost the public purse nothing - apparently what has been happening is banks have had to pay higher basic salaries to compensate for the bonus cap, said salaries not being performance related, unlike bonuses. It is expected that removing the cap will increase the tax take - as high earners those bonuses will be taxed at the top rate and it should help attract more talent to the UK financial sector. Even the EU (which is where the bonus cap came from) is relaxing its bonus cap - we need to keep London as the premier financial market in Europe as it contributes a huge amount to the treasury and the economy in general.
Don't forger, Saetena, that almost anyone would seem impressive when compared to Truss/Kwarteng, and Johnson before them.
That in itself doesn't make the latest pretender a good person to lead the country. In fact, the exact opposite could be true.


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