The past 12 months have been littered with grandiose claims about the benefits of Brexit and the ability of the UK to demand what it wants from the EU. But the sad and inescapable conclusion is that none of those benefits exist and that the UK has been forced into a number of embarrassing retreats and compromises.

The cap on bankers' bonuses is being removed as part of a post-Brexit shake-up of UK financial rules, it has been confirmed.

Bankers’ bonuses are currently capped at 100 per cent of their annual salary, or double that with shareholder approval.

Now the Conservative Party’s reputation for economic competence has cratered, Matthew Gwyther sees businesses getting increasingly politicised.

Britain is easing banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.

Guess what, we get unlimited banker bonuses guys!