Britain takes on Brussels
The Cameron government considers the bonus cap "misguided and fear it could impact negatively on London without even combating the excessive risk-taking it was meant to address," said Simon Tilford, of the CER. "But London is caught between a rock and a hard place, as there’s much popular antipathy toward the bankers," Mr Tilford said. The issue of banker remuneration "is pretty toxic stuff Britain," he added.