George Osborne the Chancellor of the Exchequer is up against it in Europe at the moment as he stands alone against 26 countries who want the salary / bonus cap to go ahead.
His objection of all financial services will leave Europe was not believed by the others, as they consider it is politically accepted by all residents of Europe.
The EU is proposing to cap bonuses to 100% of a banker's annual salary, or to 200% if shareholders approve. There will be further talks, but all other countries backed the plan.
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