UK's Labour to crack down on finance bonuses if it wins power: FT

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UK's Labour to crack down on finance bonuses if it wins power: FT
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The British Labour Party's second most powerful man has warned of a possibl...

LONDON - The British Labour Party’s second most powerful man has warned of a possible ban on financial services companies awarding bonuses under a future Labour government, Saturday’s Financial Times reported.

John McDonnell, Labour’s finance spokesman, said in an interview with the newspaper that he was putting the City of London on notice that it was time to end bonuses voluntarily or face draconian curbs.

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