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Story summary
- Lloyds Banking Group's CEO Charlie Nunn may receive a pay package above £13 million after the cap lift.
- The cap removal allows banks such as Barclays and HSBC to offer significant pay increases.
- Barclays' CEO would receive a 45% rise to £14.3 million.
- Former Chancellor Kwasi Kwarteng advocated repeal to attract talent after Brexit.
- Shareholders will vote on Lloyds' new pay policy later this year.
