In a dig at Liz Truss, Keir Starmer referred to Kemi Badenoch as “the next lettuce,” highlighting the ongoing tensions within UK politics. Starmer is facing pressure over Trump’s trade tariff threats and the UK’s plans to hand over the Chagos Islands to Mauritius, while Nigel Farage’s Reform UK party polls higher than both Labour and the Tories. The PMQs clash between Starmer and Badenoch comes amid scrutiny over allegations of wrongdoing involving Boris Johnson and his voice coach, Leonie Mellinger.
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Bonuses surge for top traders at EU investment firms after cap is lifted
Bonuses at EU specialist investment firms have surged since they were exempted from the bloc's bonus cap rules, with average bonuses for key staff reaching €1.5mn in 2022 and €1.15mn in 2023, exceeding six times their fixed pay. The European Banking Authority (EBA) highlighted a gender pay gap, noting women earned 24.5% less than men at deposit-taking banks and 32% less at investment firms, with calls for better analysis and action to address this disparity....
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