Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what his Department's policy is on a cap on banker's bonuses after the UK leaves the EU.

The UK is at the forefront of global efforts to tackle excessive pay practices in the banking sector, and the Government is committed to continue tackling this issue when we leave the European Union in March 2019.

At this stage, we cannot comment in detail about our policy position post-March 2019, as it is dependent on a number of variant factors. However, the Government has been clear that we will not be seeking a bonfire of regulations as we leave the EU.