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UK limits state-owned bank bonuses to £2,000

David Cameron says the UK Government would, for a second year, cap bonuses at Lloyds and RBS at £2,000 per employee

UK Prime Minister David Cameron on Thursday said that the coalition government would, for a second year, limit bonus payments at state-owned banks to £2,000 per employee.

Answering questions after giving a speech in which he outlined his plan for responsible capitalism, Cameron said that the government would continue to intervene as much as possible amid an out of control bonus culture where, he said reward and success have become disconnected.

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