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Osborne bank bonuses talks

George Osborne has left Brussels after meeting EU finance ministers to discuss an overhaul of banking rules in the EU, including a cap on bankers' bonuses.

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Britain 'should have the most to gain' from banking reforms

Finance ministers in Europe are meeting today to discuss whether bankers' bonuses should be capped.

Simon Chouffot from the campaign group Robin Hood Tax has said that because of the size of our financial sector, we should have "the most to gain, not the most to lose".

He said that politicians were too busy fighting for a small group of bankers, when they "should be batting for the wider interests of Britain."

Under the terms of the new deal, bankers' bonuses will be limited to a maximum of one year's base salary, or twice the salary if a large majority of shareholders agree.

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