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John McDonnell warns City he will take axe to ‘offensive’ bonuses
Keywords: John Mc Donnell, Labour Party, Labour Conference,
John McDonnell, the future Chancellor in a Labour administration accuses the banks of creating "grotesque levels of inequality."
"If we have to take action we will. People are offended by bonuses."
"It's become part of the culture and so separate, distinct and isolated from the rest of the real world economy, that people are so offended by it. It's a reflection of the grotesque levels of inequality that people find so offensive."
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