Brown to lay into fat cats
Chancellor Gordon Brown was expected to slam excessive pay deals in a speech at the British Chambers of Commerce this morning.
Link: DTI will not legislate on ‘fat cat’ pay
According to the BBC, Brown will say that he will ‘not tolerate’ inflationary pay deals in either the public or private sector and urged business leaders to be responsible and not risk the UK’s economic stability.
The speech comes on the back of new figures that claim UK unemployment is at its lowest level since the so-called ILO unemployment measure started in 1984.