• Privacy policy
  • T&C’s
  • About Us
    • FAQ
  • Contact us
  • Guest Content
  • TLE
  • News
  • Politics
  • Opinion
    • Elevenses
  • Business
  • Food
  • Travel
  • Property
  • JOBS
  • All
    • All Entertainment
    • Film
    • Sport
    • Tech/Auto
    • Lifestyle
    • Lottery Results
      • Lotto
      • Set For Life
      • Thunderball
      • EuroMillions
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
The London Economic
No Result
View All Result
Home Business and Economics

FTSE 100 hits all-time high – just months after cap on bankers’ bonuses is scrapped

The cap on bankers' bonuses was removed to make the UK look more attractive post-Brexit, but it doesn't seem to be working.

Jack Peat by Jack Peat
2024-04-23 10:22
in Business and Economics
John Stillwell/PA

John Stillwell/PA

FacebookTwitterLinkedinEmailWhatsapp

London’s FTSE 100 Index has soared to its highest level as the shares rally shows little sign of easing.

The FTSE surpassed the previous intraday record of 8,047.06 from February last year, with investors in good spirits amid continued hopes of geopolitical tensions easing and economic conditions improving.

It comes after the blue-chip share index reached a record-breaking closing level on Monday, finishing at 8,023.87, after surging by more than 1.6 per cent.

In early trading on Tuesday, retailers and financial stocks were among those making gains, helping lift the FTSE 100 to highs of about 8,075.

Only a handful of stocks had started the day with losses, including the indices’ top miners.

Experts suggested that the rally has something to do with renewed hopes of UK interest rates coming down, thanks to inflation moving closer to its 2 per cent target level.

It comes just months after the Bank of England’s (BoE) prudential arm lifted a cap that had limited bankers’ bonuses to a maximum of double their base pay.

The cap was first introduced by the EU in 2014 when the UK was a member of the bloc, but since the UK quit the EU, pressure has been mounting to scrap the cap in a bid to make the UK look more attractive post-Brexit.

Unfortunately, it doesn’t seem to be working.

RelatedPosts

Trump unveils $499 gold mobile phones for ‘real Americans’

No ‘millionaire exodus’ as a result of Labour policies, study finds

Shops could be forced to accept cash in future

Liverpool to introduce tourist tax from June

It was announced today that Goldman Sachs has moved its senior banker to Paris in a post-Brexit revamp to keep him closer to the company’s continental European clients, including banks and insurers.

Related: Trump tried to ‘corrupt’ 2016 election, prosecution alleges

Tags: Brexitheadline

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

← ‘Several fatalities’ in the Channel just hours after Rwanda Bill clears parliamentary hurdles ← Goldman Sachs leaves ‘skeleton team’ in London as it relocates top brass to Europe
No Result
View All Result
  • Home
  • News
  • Politics
  • Lottery Results
    • Lotto
    • Set For Life
    • Thunderball
    • EuroMillions
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Privacy policy
  • Contact us

© The London Economic Newspaper Limited t/a TLE thelondoneconomic.com - All Rights Reserved. Privacy

-->