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Britain drops bid to overturn EU cap on bankers' bonuses

This comes after London's arguments were rebuffed by senior official at EU's top court

Luxembourg

BRITAIN has abandoned a bid to overturn a European Union ban on banker bonuses of more than twice fixed pay after it suffered a setback in the EU's top court.

Chancellor of the Exchequer George Osborne said he will not "spend taxpayers' money" pursuing the legal

sentifi.com

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