To general disapproval (and in direct contradiction to the Chancellor Alistair Darling), Lord Mandelson has suggested that the government should not be too hasty in removing bonuses from (presumably) ‘hard-working’ bankers. To general disapproval (and in direct contradiction to the Chancellor Alistair Darling), Lord Mandelson has suggested that the government should not be too hasty
The sight of massed ranks of public sector workers and Labour backbenchers furiously protesting against a threat of privatisation surely belongs to a past era. Today’s major political trend is in quite the opposite direction, towards nationalisation of banks, and interventions by government in industry to save jobs and avert financial catastrophe. It seems jarringly
Bonus issue Sir: Ross Clark (‘Big bonuses in the public sector’, 21 February) summed up the challenge we face. The Institute of Fiscal Studies figure Clark quotes of a 12 per cent premium on public compared to private sector pay should be drilled into all taxpayers’ heads the way Mrs Thatcher used to hit Neil
