By Jonathan Davies

The Advocate General of the EU Court of Justice has rejected the UK's challenge to a ruling on bonus caps.

The cap restricts bonuses to 100% of pay, or 200% with shareholder approval.

It is designed to limit the amount of risks taken by bankers. But the UK argued that a limit

Advocate General Niilo Jääskinen said "fixing the ratio of variable remuneration to basic salaries does not equate to a 'cap on bankers bonuses', or fixing the level of pay, because there is no limit imposed on the basic salaries that the bonuses are pegged against."

The recession is over. It's time to grow!

Join us from 19th – 20th November 2014 at the ExCeL Campus, London.

Tickets available 'on the door': http://britainmeansbusiness.today/get-your-free-ticket/

Join us on
Follow @freshbusiness