Banker bonus cap ‘rewarded mediocrity’ says ex-City minister

An Audience With

John Glen says the limit ‘was never rational’, and worries how a tax raid by Labour could damage the sector

The Conservative MP was the UK’s longest-serving City minister. Now he tells FN why it’s still important to fight for free markets Photo: Danilo Agutoli for FN

It may have been two years since John Glen left his job as City minister, but he still has a keen eye on the quiet revolution he started.

It is a role known for having a short lifespan, but Glen’s four-year stint made him the longest-serving City minister since the job was created nearly 80 years ago.

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