“Finance professions should be in London, not New York or Paris”

Monday, September 26, 2022 9:32 a.m.

People stroll through the financial district of Canary Wharf, the beating heart of London’s banking area

The Government this morning defended its intention to lift the cap on bankers’ bonuses, saying it wanted to protect and attract job creation in the city and Canary Wharf, rather than other financial centers taking over.

“We want finance jobs to be here in London, not in New York or Paris,” said Work and Pensions Secretary Chloe Smith.

Moreover, the government remains focused on delivering on its growth agenda despite the fall in the pound, she added.

Asked by Sky News about the slide, Smith said: “I will not be able to comment on particular market movements and there are various factors that always come into play.

“But the government is absolutely focused on delivering the growth agenda as we have set it out, with various ways to help businesses and households move towards growth and, as I said, towards more great opportunities.

“For me particularly in the Work and Pensions department, I want to be able to then help more people find better and better paying jobs.”

Asked about the poor polls the Tories were facing, Ms Smith added: ‘I am confident that the kind of support the Tories were delighted to have in 2019 will continue to follow Liz Truss and can have a Tory government in the years to come .”

“I will not be able to comment on particular market movements and there are various factors that always come into play.”

Chloe Smith this morning

“But the government is absolutely focused on delivering the growth agenda as we have set it out, with various ways to help businesses and households move towards growth and, as I said, towards more great opportunities.

“For me particularly in the Work and Pensions department, I want to be able to then help more people find better and better paying jobs.”

Asked about the poor polls the Tories were facing, Ms Smith added: ‘I am confident that the kind of support the Tories were delighted to have in 2019 will continue to follow Liz Truss and can have a Tory government in the years to come .”

Comments are closed.