There is an important policy announcement from George Osborne in his interview with The Sun today:
“He also declared war on public servant fat cats.
None will earn more than the PM’s £190,000-a-year.” This is both good politics and good policy. It will strike a chord with a public that is increasingly angry and frustrated at the excesses of the public sector boss class. And, really, can any CoffeeHousers explain why the chief executive of the Carbon Trust has to be paid £262,350 a year?
One of the great scandals of Labour’s period in power is how public sector managers are now getting paid private sector salaries but still receiving public sector levels of benefits, job security and working conditions. It is good to see that the Tories will set about ending this cosy stitch-up which has been carried out at the expense of the taxpayer.
Sensibly, the Tories have exempted permanent secretaries, the Bank of England and the Financial Services Authority from this measure — meaning that where necessary the government can still compete with top-end private sector salaries. But the fact that 68 quangocrats are paid more than the Prime Minister’s £190,000 is proof-positive that there is a waste to be cut in the public sector. It is also indicative of a culture that has no concept of value for money.