This weekend Swiss voters rejected a referendum proposal to cap pay for top bosses at 12 times the pay of their lowest-paid employees.
Tag Archives: Inequality
We must address issues of class and social mobility that are holding people – of all colours and identities – back, writes Chuka Ummuna.
On Friday, the Daily Telegraph published an article by Fraser Nelson arguing, essentially, that we should not make a fuss about the rise of the super-rich.
There has been much discussion of the merits of prioritising ‘pre-distribution’ – of attempting to achieve a more equal distribution of the cake before turning to ‘redistribution’ through tax and benefits.
The Scottish National Party has declared that “Westminster isn’t working” as it has unearthed evidence showing the poorest 20 per cent will be worse of as a result of the spending review when compared with the budget in March.
Rather than only publishing the names of benefit claimants, how about full blown Swedish-style tax transparency?
Why should transparency only apply to welfare claimants when even those who rely on a private income have relied upon the state in some way to support them at some point in their lives?
Work pays, we are always told, but for many it is clearly not paying enough. The latest official child poverty figures released today show that in-work poverty is on the rise, with two-thirds of poor children now living in families with at least one working parent.
The annual Manifest/MM&K executive director Total Remuneration survey was released this week, finding that take home pay for the average FTSE 100 CEO was up to £4.3 million in 2012, an increase of 10 per cent on the previous year.