TUC: Welcome starting point to tackle boardroom excess
Brendan Barber, TUC general secretary, commented on Will Hutton’s report into fair pay:
“This review makes a range of challenging proposals for change in the public sector, including greater pay transparency at the top. But crucially it is also a welcome starting point to tackle the greatest unfairness – boardroom excess in the private sector.
“It has been the growing pay gap between the boardroom and ordinary staff in the private sector that has caused mounting household debt and squeezed wages over the last 30 years, not a few well remunerated chief executives in the public sector.
“Making PLCs publish pay multiples and introducing workforce representation on remuneration committees are welcome proposals that should be implemented in the Budget.
“But the millions of public servants facing real terms pay cuts and pension hikes will be disappointed that the review has so little to say about low pay in the public sector.
“Our hope is that ministers use this report to take a closer look at fairness in pay across the public and private sectors. Failure to do this could turn it into a fruitless exercise in public sector bashing.”
