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Wednesday, January 31, 2024 Another day, another Labour U-turn  Sir Keir Starmer is facing a fresh backlash after Labour said it will stick with a flagship Liz Truss policy to lift the cap on bankers' bonuses.    The limit, equivalent to 200 per cent of a banker's pay, was put in place to curb excess after the 2008 financial crisis.    But it was scrapped by former PM Ms Truss and her chancellor Kwasi Kwarteng in the duo's disastrous September 2022 mini budget. When the policy came into effect last October, Shadow chancellor Rachel Reeves said it "tells you everything you need to know about this government".   But on Wednesday she said that while the bonus cap was "the right thing to do" at the time, Labour "don't have any intention of bringing that back".    Former Labour leader Jeremy Corbyn and left-wing Labour MPs condemned the decision, dubbing it a "political choice to enrich the wealthy".    It is the latest entry on a long list of Sir Keir Starmer's U-turns, though the Labour leader's spokeswoman said "we don't accept that characterisation" of the move.  Quiz question Which Labour MP unsuccessfully attempted to fake his own death in 1974? Answer at the bottom of today's email Daily briefing Tearful Sturgeon admits deleting WhatsApps The ex-SNP leader also denied 'thinking of political opportunity' during the pandemic   Number of migrants sent to Rwanda could be 'quite low', James Cleverly admits His admission came as Baroness Hale and the Archbishop of Canterbury threatened to derail the Rwanda bill Boris Johnson attacks Sunak's new Brexit deal with DUP Government publishes wide-ranging measures to bring about the return of powersharing in Northern Ireland What else you need to know today A Tory Brexiteer dismissed the cost of new food checks as simply the "price you pay" for Brexit Sir Keir Starmer mocked Tory MP George Freeman for claiming he was unable to afford his mortgage on a £120k ministerial salary James Cleverly hailed "impressive" French efforts on illegal migration as he met his French counterpart in Paris The Independent View The Cameron Declaration: recognising a Palestinian state would be a welcome breakthrough Politics explained Do WhatsApp revelations mean Scotland's government is as bad as Westminster? Scottish first minister Humza Yousaf admitted the Scottish government's handling of information was "frankly poor"...   Read more MOST COMMENTED Poland's new government asks Germany to think creatively about compensation for World War II losses Tomorrow inside the Westminster bubble Our political commentator Andrew Grice on what to look out for    Labour is hosting its biggest ever business conference in Central London on Thursday, with the great and good of the City expected to flock to hear Sir Keir Starmer and Rachel Reeves talk about their plans for government.  The shadow chancellor and Labour leader will give speeches at 10.00am and 2.00pm respectively to business heavyweights from Google, Shell, AstraZenaca, Airbus, and Goldman Sachs.  Scotland secretary Alister Jack will appear before the Covid inquiry from 10.00am and the Bank of England's latest interest rate decision and monetary policy report will be released at noon.  And in parliament, MPs will attend Defra questions from 9.30am before Attorney General questions and the business statement.  The main business in the House of Commons will be backbench debates on miners and Iran. QUOTE OF THE DAY "In the days to come there may be those who will try to undermine this great achievement, not only with words but perhaps also with violence. All the parties and all the rest of us must stand shoulder to shoulder to defy any such appeal" Bill Clinton, on the Good Friday Agreement 1998 And finally... Quiz answer: John Stonehouse, who pretended to have drowned off Miami Beach in 1974 before being found in Australia with a false passport. The Independent proudly partners with Refuge and the National Domestic Abuse Helpline: 0808 2000 247 Join the conversation or follow us Download the free Independent app Please do not reply directly to this email   You are currently registered to receive The Independent's View From Westminster newsletter.   To unsubscribe from The Independent's View From Westminster newsletter, or to manage your email preferences please click here.   This e-mail was sent by Independent Digital News and Media Ltd, 14-18 Finsbury Square, London EC2A 1AH. Registered in England and Wales with company number 07320345 Read our privacy notice and cookie policy