Petition · past parliament · HM Treasury
Create a statutory cap on bonuses for bankers – greed is not good!
Closed
48 signatures
What the petition asks
At a time when the people of the UK are facing a cost of living crisis we are shocked that the cap on bonuses for bankers is being lifted. We want legislation to be introduced to reinstate this cap.
Introduced in 2014 when the UK was part of the EU, the cap was designed to curb excessive risk-taking in the financial services industry in the wake of the 2008 financial crash.
The cap limited how much extra variable pay employees of banks, building societies and investment firms could receive: the maximum was twice their basic salary.
Over the last decade banks have compensated for lower bonuses by increasing basic salaries, to make sure they could still compete with other financial
The cap limited how much extra variable pay employees of banks, building societies and investment firms could receive: the maximum was twice their basic salary.
Over the last decade banks have compensated for lower bonuses by increasing basic salaries, to make sure they could still compete with other financial
Timeline
| 3 Nov 2023 | Petition opened for signatures |
| 3 May 2024 | Closed to new signatures |
Key facts
Signatures
48
Status
Closed
Department
HM Treasury
Opened
3 Nov 2023
Closed
3 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.