Govt defends unlimited City bonuses: ‘Finance jobs should be in London, not in New York or Paris’ 

The government defended its intention to lift the bankers bonus cap this morning, saying it wants to protect and attract job creation in the City and Canary Wharf, rather than other finance hubs taking over. “We want finance jobs to be here, to be in London, not in New York or Paris,” said  Work and Pensions [...]