Treasury chief calls for board members to show pay restraint

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

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?

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource