Treasury chief calls for board members to show pay restraint

Yvette Cooper, Treasury chief secretary has called on boardrooms to show discipline in their inflationary pay increases

Written by Rachael Singh

Yvette Cooper, Treasury chief secretary, has called on boardroom members across the country to show restraint in their pay packet

Cooper has made a plea for pay discipline as the government braces itself for the estimated inflationary figures, released tomorrow, which show it rising above 3% The Financial Times reported.

Top executives should not try to offset rising food and fuel prices by subsidising their pay with 'irresponsible' rises.

'There has to be leadership from the top down,' said Cooper who has been overseeing the public sector pay deals.

Trade unions who have complained in the past that their workers are being asked to show restraint which is not matched by senior management, are expected to welcome this statement.

Further reading:

Treasury chief issues plea for pay restraint

The FD's FD: what credit crisis?

Advertisement

Enjoyed this article? Help spread the word:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Management Consultancy Top 75

21st annual survey shows another £1bn on revenues

bryan clark, chief information officer at kpmg europe

Profile: Bryan Clark, chief information officer at KPMG Europe

Getting the right infrastructure is instrumental in consolidating KPMG’s European...

Apprentices, Arnie and Archos in the latest YP

September issue of Young Professional appraises the year for our...

Find your next job

Find your next job

Advertisement

Salary Checker

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Search white papers

Search white papers

Advertisement

Have your say

Should fair value accounting be suspended in the wake of the market crisis?
Yes, it's a big part of the problem
No, don't shoot the messenger

Job of the week

More finance jobs

Advertisement

Your next job