LABOUR signalled its final capitulation to finance capital today when it confirmed the party would not reintroduce curbs on bankers’ bonuses.

Shadow chancellor Rachel Reeves performed the latest screeching policy U-turn under party leader Sir Keir Starmer, dropping a policy which she had championed as recently as three months ago.

Instead, she committed to avoiding any “massive upheaval” which might upset the City, which she pledged to “unashamedly champion” when in office.