As the FT notes:
Britain is taking legal action against an EU cap on bankers’ bonuses in an attempt to strike down the measure on the grounds that it hurts financial stability.
You couldn't make it up.
Bank bonuses did, we know, contribute heavily to the culture that brought the City and the country to its knees in 2008. We know that this culture has to change. And Osborne goes to court to defend it.
This is a fight for the right to inequality. And Osborne is willing to use state funding to support it.