Bank of England Governor Mark Carney said that he "absolutely" agreed with the Parliamentary Commission's comments on the EU bonus cap that concluded: "We're not convinced that a crude bonus cap is the right instrument for controlling pay."
He also said that he had "no reason to disagree" with comments from the Independent Commission on Banking (ICB) that capping market share and balance sheet size "would not result in substantial improvements to competition in retail banking in the UK."
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Sajid Javid used a personal statement in the Commons to explain why he felt he had to resign from the Government.
The comments come as the shadow Cabinet member takes a big lead in a poll.
The council wants to increase council tax by the equivalent of £1 per week for a Band D household.