theme 2 and 4 application general Flashcards
1
Q
removal of bankers caps
A
The decision is viewed as a strategy to boost the UK’s financial competitiveness in the post-Brexit landscape. By removing the bonus cap, the government aims to attract more investment and ensure that London remains a global financial hub, especially as it competes with financial centers in Europe and the US.
- Increases income inequality
- increases moral hazard
