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Brexit dents bonuses for London bankers

UK bankers are set to receive 4.1% less on average in 2018

Brex and the City: London's bankers can expect leaner times this year
Brex and the City: London's bankers can expect leaner times this year Photo: Getty Images

London’s investment bankers are braced for a fall in their lucrative bonuses this year, as a post-Brexit slump in corporate finance activity starts to bite into pay in the City.

UK bankers are set to receive 4.1% less on average in their 2018 bonus, according to a highly respected remuneration report by Options Group, the executive search firm. Dealmakers on Wall Street are expected to receive 3% more.

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