Steerpike Steerpike

Up the workers!

Mr S was interested to read that Mark Carney has sounded the alarm on low wage growth. In light of yesterday’s announcements, the Times’s business commentator Andrew Clark calls for bosses to ‘display a modicum of largesse’ to sustain the economic recovery.

Mr S hears on the grapevine that business leaders are planning to open their pockets at the end of this year, if only to stop Ed Miliband, who is regarded with a certain amount of distrust. The thinking is that a wage rise will undermine Labour’s (increasingly successful) rhetoric on the cost of living.

Mr S wonders: will a prominent Tory use the party conference, the last before the election, to demand that businesses share the proceeds of the recovery? What have they to lose by doing so?

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