You are here

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
Saturday, November 22, 2014 - 05:50

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