In re GB v EU (part 1)

As we all know, the culture of bonuses was blamed for encouraging excessive risk-taking amongst bankers. The EU voted 26 to 1 to cap bankers' bonuses. The "cap" will ensure that bonuses are slashed to a swingeing...err...100% of salary. That'll work. Who can imagine a banker deciding to take a risk simply to double his salary?

Anyway, no need to guess who the "1" was? More bankers earn over £1m in the UK than everywhere else in the EU COMBINED. So, to protect this vital interest, the United Kingdom government is going to court.

The expected cost to the tax payer in legal fees is £1m.