The UK Labour Party, after previously criticizing the Conservative Government for removing the cap on bankers' bonuses, has made a U-turn by deciding not to reinstate the cap. Shadow Chancellor Rachel Reeves stated she has 'no intention' of bringing back the cap, positioning Labour as a 'champion' for a successful financial services sector. SNP's Stephen Flynn criticized the reversal as 'shameful' and used the opportunity to embarrass Labour leader Keir Starmer during PMQs, while also highlighting the negative effects of 'Brexit red tape' on food prices. Prime Minister Rishi Sunak responded by promoting a 'brighter future' under the Conservative Party. The controversy over the bonus cap is setting the stage for both the SNP and Conservatives to challenge Labour in the upcoming General Election.
Scrap the 2-child benefit cap. Reinstate the bankers’ bonus cap. https://t.co/vBcztrWaqE
Keir Starmer’s biggest gamble yet? Backing Liz Truss on bankers’ bonuses. Me for @indypremium https://t.co/96wyeZOGII
SNP Leader Stephen Flynn embarrasses Keir Starmer over Labour u-turn on bankers' bonuses at #PMQs https://t.co/FVP7rijTFk
'It's okay for bankers to have unlimited Brexit bonuses, but [not] for the public at home struggling to feed their families' says SNP's Stephen Flynn. Mr Sunak responds, claiming the Tories have done more for the Scottish people in terms of tax cuts than the SNP. https://t.co/TDmyjuXqSJ
SNP's Stephen Flynn critcises "Brexit red tape" and says families "have to suck up and deal with the additonal food price costs" "We're actually delivering benefits for people across Scotland," says PM Rishi Sunak #PMQs https://t.co/0cTJt7NE0a https://t.co/t8CsP1Irqi
Sunak closes #PMQs with the line he keeps pushing out: "It's a brighter future with us or back to square one with them" Interesting SNP's Flynn has a dig at LAB's decision not to reinstate cap on banker bonuses "shame on them" > Labour the battleground for both Cons & SNP in GE
The SNP’s Stephen Flynn goes in on Labour’s “shameful” reversal of its bankers bonuses policy. He asks Sunak whether he feels “comforted” that he’s no longer alone in being by “completely out of touch with public opinion”.
Sunak closes #PMQs with the line he keeps pushing out: "It's a brighter future with us or back to square one with them" Interesting SNP's Flynn has a dig at LABOUR over scrapping cap on banker bonuses "shame on them" > Labour the battleground for both Cons and SNP in next GE
Sir U-Turn strikes again! Labour WON'T reinstate cap on bankers' bonuses despite Keir Starmer raging against the Tories scrapping the policy to boost the City https://t.co/m1R1nDBqDW https://t.co/maXhve6Xzw
NEW: Rachel Reeves says she has “no intention” of bringing back the bankers bonus cap - scrapped in Liz Truss’s disastrous mini-budget - saying she wants to be the “champion” of a thriving financial services industry.
Labour screeching U-turn alert. Party hammered the UK Con Govt when it scrapped the cap. “Shadow Chancellor rules out reinstating cap on bankers’ bonuses.” https://t.co/cpiERCxNBV