4.8 • 1.4K Ratings
🗓️ 17 September 2022
⏱️ 54 minutes
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0:00.0 | Welcome to a Friday night edition of Tisky Sour. I'm joined by Aaron Bostani, how you doing Aaron? |
0:10.1 | Very well Michael. Very busy shot. I'm looking forward to all of it. So I'll shut up and let you get |
0:15.1 | on with the magic. We are not going to talk for the whole hour about the currently 22 hour queue |
0:21.3 | to go and see the queen but we will be going to that as our final story talking about why David Beckham |
0:27.0 | might have turned up to the media scrum. We're starting the show though with a discussion of Liz |
0:32.4 | Truss, the policy she has been preparing while the televisions have been wall to wall full of royal |
0:40.1 | coverage. While the BBC and Sky have delivered us wall to wall royal coverage, Liz Truss and her |
0:46.8 | Chancellor quasi-quarting have been putting together their first plans for government and it's not |
0:52.2 | looking good. That is, unless you're very, very rich. First, that's because in the middle of a cost |
0:58.2 | of living crisis, Truss is planning to lift the cap on bankers bonuses. The FT reports this. |
1:05.0 | Quarting argues the move would make London a more attractive destination for top global talent |
1:09.6 | and would be a clear signal of his new Big Bang 2.0 approach to post-Brexit city regulation. |
1:15.2 | That's according to colleagues. Boris Johnson shied away from lifting the bonus cap, |
1:19.3 | fearing a political backlash, but Quarting told City Executives last week, |
1:23.2 | we need to be decisive and do things differently. The cap currently limits bankers bonuses to |
1:29.0 | know more than twice their annual salaries, which doesn't sound like a huge imposition to me. |
1:34.5 | And the plans to scrap the cap have already provoked an outcry from the labour movement. |
1:39.0 | Francis O'Grady of the TUC said this, bonuses in the city are already at a record high, |
1:45.2 | while City Executives rake it in, millions are struggling to keep their heads above water, |
1:50.2 | working people are being walloped by soaring prices after the longest and harshest wage squeeze |
1:55.7 | in modern history. The Chancellor's number one priority should be getting wages rising for |
2:00.0 | everyone, not boosting bumper bonuses for those at the top. Analysis of government data by the TUC |
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