The UK Labour Party has faced criticism from multiple fronts after confirming they will not reinstate a cap on bankers' bonuses, a policy they had previously condemned when scrapped by the Conservative government. Shadow Chancellor ruled out the reinstatement, stating that the cap was 'of its time'. The Scottish National Party's (SNP) Stephen Flynn labeled the move as 'shameful' and questioned Prime Minister Rishi Sunak on whether he felt 'comforted' by Labour's alignment with what he suggested was an out-of-touch stance. Sunak responded during PMQs, promoting a 'brighter future' under Conservative leadership. The issue became a focal point during PMQs, with the SNP criticizing Labour's position on bankers' bonuses in the context of Brexit-induced food price increases and the Tories' tax cuts for Scotland. The Labour Party's stance on maintaining the two-child cap on Child Benefits while refusing to cap bankers' bonuses has also drawn public attention and debate, with the SNP Leader embarrassing Keir Starmer at PMQs over the policy U-turn. Labour is now seen as the battleground for both Conservatives and SNP in the upcoming General Election.
Labour WILL keep the two-child cap on Child Benefits but WONT cap bankers bonuses... Just think about that. #RochdaleByElection https://t.co/cxM2P75IGG
'Just to clarify, Labour's happy to cap child benefit but not bankers' bonuses?' 'I would not make that comparison'. @jreynoldsMP, Shadow Secretary of State for Business and Trade speaks to @KayBurley. https://t.co/IodbC7emBV
Kay Burley: "Just to clarify, Labour's happy to cap child benefit but not bankers bonuses" Labour shadow minister Jonathan Reynolds explains why Labour is on the side of bankers & not kids in poverty. https://t.co/HARyJjOVi0
Shadow Biz Secretary Jonathan Reynolds insists Labour never said it would reinstate the bankers’ bonus cap. “It was of its time,“ he says #r4today
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
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