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By Lawrence Matheson Unions are calling on banks to exercise “restraint” and resist scrapping the cap on bankers’ bonuses for senior staff. The TUC has voiced its concerns following Goldman Sachs’ decision last week to remove the bonus limit, which was previously abolished by the Government. Previously, a banker’s bonus could not exceed 100% of their yearly salary, or 200% with shareholder consent. Despite the cap, the TUC highlighted that UK banks still doled out “bumper” bonuses in 2022 and 2023. TUC general secretary Paul Nowak remarked: “At a time when millions are struggling to make ends …

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