Adam Smith Inst - High Pay Stats unoriginal, uninteresting and unhelpful
With the news that the CIPD and the High Pay Centre have released their cod stat report on executive pay saying the exact same thing that it always does the Adam Smith Institute's Head of Research, Matthew Lesh, has issued the following statement calling out the politics of envy and economic illiteracy.
“Once again the so-called High Pay Centre are revealing their hatred of high pay. These nonsense statistics are unoriginal, uninteresting and an unhelpful contribution to public debate.
“This is just more of the now discredited Corbyn-style politics of envy. We should be talking about how to help the worst off in society — how to cut red tape, increase the threshold for payment of national insurance, and cutting the Factory Tax that is holding back workers’ wages and unbalancing the economy.
“In a global market for CEOs, British firms must be able to compete for top talent. These people provide immense value to our society. Decisions made by Britain’s makers and doers now have global impacts and their value to firms reflects this. Limits on executive pay would drive top British talent and companies offshore, ultimately leading to fewer jobs and lower pay for workers."
For further comment or to arrange an interview please contact Matt Kilcoyne on 07904099599, via landline 02072224995 or email email@example.com
Latest News from
NLGN - Poor air quality "top concern" for councils, but most feel ill-equipped to tackle it23/01/2020 10:35:00
Poor air quality is a ‘top concern’ for councils, but most feel unable to address it, the latest NLGN Leadership Index has found.
IEA - Rent controls in London could bring “immense economic costs” and increase “social segregation”, finds new report23/01/2020 09:35:00
Calls from politicians, including the Mayor of London, to introduce rent caps are misguided and would impose immense economic and social costs on the capital, according to a new report from Swedish think tank Timbro, part of the IEA’s EPICENTER network.
NIESR Monthly Wage Tracker: Real pay growth to strengthen at start of 202022/01/2020 14:25:00
According to new ONS statistics published this morning, UK average weekly earnings (AWE) expanded by 3.4 per cent excluding bonuses in the three months to November compared to the year before, and by 3.2 per cent if bonus payments are taken into account.
IEA: Taxing sugar in alcopops would have “no effect on sugar consumption” and “hit the poor hardest”21/01/2020 12:35:00
IEA Head of Lifestyle Economics Christopher Snowdon responded to calls from Action on Sugar to extend the sugar tax to pre-mixed alcoholic drinks
Adam Smith Inst - Red tape strangling our high streets21/01/2020 11:35:00
A new paper from the neoliberal think tank the Adam Smith Institute argues that the problem with the High Street has been totally misunderstood.
IFG - Whitehall Monitor 2020: Government hurt by high rates of staff turnover21/01/2020 10:35:00
A new report from the Institute for Government has found that continued turnover of ministers and civil servants could disrupt the delivery of government projects and policies.
IEA: Oxfam’s obsession with the rich distracts from tackling poverty21/01/2020 09:35:00
Mark Littlewood, Director General at the Institute of Economic Affairs commented on Oxfam’s latest report ‘Time to Care’
NIESR: Monthly CPI Tracker – Drop in CPI Inflation Expected to be Temporary16/01/2020 14:25:00
The consumer price index inflation rate declined to 1.3 per cent in the year to December 2019, as per data released by the ONS.