Backing the big-earners
Peter Hoskin 12:01pm
I said yesterday that it'd be a good idea for the Government to use tomorrow's Budget as a peace offering to the business world. After Northern Wreck and the non-dom taxation row, bridges need rebuilding.
The charm offensive's begun a day early. Today John Hutton is delivering a speech to the think-tank Progress, in which he'll salute those at the top of the salary tree:
"Rather than questioning whether huge salaries are morally justified, we should celebrate the fact that people can be enormously successful in this country. Rather than placing a cap on that success, we should be questioning why it is not available to more people."
It's already riled Polly Toynbee.
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Nicholas
March 11th, 2008 1:03pm Report this commentHutton's speech is naive and for once I agree with some of what Toynbee says. Personal success measured in huge bonuses reflecting short term gains followed by failure should not be a sustainable model, especially where the "enormously successful" cut and run before the impacts of their strategies turn to disaster. Celebrating a handful of greedy "celebrity accountants" at the tops of their trees, knowing that in reality not everyone but actually very few can aspire to such success, is a strange view from a Labour politician. Just what has this very odd party morphed into?
mart
March 11th, 2008 1:11pm Report this commentHow come we already know what he's going to say?
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