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Play it safe, play it so very safe. Rachel Reeves’ backtracking clarification that Labour will not reverse the abolition of the EU-imposed cap on bankers’ bonuses has led to lampooning from all sides. There were only three months between Reeves claiming the scrappage “tells you all you need to know about this Government” and her new claim that Labour will “unashamedly champion” bankers and keep the cap off.[…] Read the rest