UK’s biggest firms will have to justify pay gap between bosses and their workers
Big firms will have to justify their chief executives’ salaries and reveal the gap to their average UK worker, under new laws to be laid in the Westminster Parliament tomorrow (Monday 11 June). Continue reading Fighting the fat cat culture?
Dear Editor
The massive salaries, bonuses, expenses and other payments to ‘top people’ running into billions of pounds is seen by the majority of working people as totally obscene. How on Earth can it be justified, let alone accepted by them with a clear conscience, when the people who actually produce the wealth are struggling to survive, or ‘just managing’?
Even the government says things should change, but saying ‘should change’ does not mean ‘will change’.
Those who receive such payments cannot possibily spend it all, raising the temptation of investing it in tax free accounts. This also affects the majority of the working population by depriving the country of tax payments that could help pay for services like the NHS.
There must be a maximum limit set on the total amount any individual can get and there must also be a total ban on tax havens , all income being subjected to the Pay as You Earn tax.
This is the minimum start required to bring about the changes needed in the distribution of the wealth produced by working people.
A. Delahoy, Silverknowes Gardens
