A Whitehall source refused to rule out participation in the scheme after Brexit, and said that UK financial sector workers could still be bound by the European Union cap on bonuses following Philip Hammond , after a Philip Hammond source refused to commit to dropping the scheme. Brussels Chancellor of the Exchequer Whitehall is yet to lay out his post- Brexit plans for the City, including the UK 's divergence from EU financial rules. However, insiders have said retaining the banking bonus cap, imposed by UK , is likely to anger senior figures in the industry.
UK financial sector workers could still be bound by the European Union cap on bonuses following Philip Hammond , after a Philip Hammond source refused to commit to dropping the scheme. Brussels Chancellor of the Exchequer Whitehall is yet to lay out his post- Brexit plans for the City, including the UK 's divergence from EU financial rules. However, insiders have said retaining the banking bonus cap, imposed by UK , is likely to anger senior figures in the industry.