Warsi Criticizes Sunak for Banker Bonuses on BBC Question Time

2023-10-27 01:05:46

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BBC Question Time: Warsi Slams Sunak Over Banker Bonuses

The former Tory party chair, Baroness Warsi, criticized Rishi Sunak’s decision to scrap the cap on bankers’ bonuses during her appearance on the BBC's flagship politics show. Warsi argued that this contradicted the government's crackdown on public sector wages to curb inflation.

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Prime Minister Boris Johnson recently announced the decision to remove the cap, stating that it would encourage banks to invest in the UK and pay taxes here. The Chancellor, Kwasi Kwarteng, had already announced plans to axe the cap in last year's mini-budget, and the current leadership is now pushing through with it.

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Warsi's Critique and Audience Response

During the show, Warsi expressed her shock at the decision, especially in light of the government's stance on increasing public sector salaries. She highlighted the contradiction, stating that while the government claims to be trying to control inflation, they are willing to put more money into bankers' pockets without the same concern.

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Warsi's response came after a teacher in the audience described scrapping the cap as "an insult to working people struggling in a cost of living crisis." Her remarks were met with applause from the Question Time audience.

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Defending the Policy

Tory Minister Lee Rowley defended the policy on the show, arguing that the party had introduced a broader set of policies aimed at alleviating the financial pressure on household budgets.

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