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Twisted Logic

June 21, 2022 2:14 PM
By Stephen Hardy in Nexhill & Battle Observer

Irony upon irony flows from our rulers at the moment.

At the same time we have inflation threatening to soar past 11%, the highest in thirty years, we have dire warnings from the Government not to allow pay settlements to fuel more inflation. Government seems, given the huge number of workers beholden to it for their jobs, in essential services such as education, the Health Service, and emergency services, to be saying pay increases of 3% are the order of the day.

However, we also read that Government wants to ease restraints on City pay packets - to demonstrate to potential investors in the UK, the 'benefits of Brexit' A letter from Steve Barclay to Chancellor Rishi Sunak has been leaked. Well no surprise there.
The letter is part of a plan to " to reduce the overall burden on business" otherwise known as allowing companies to make more money. One specific ideais "removing restrictions on director remuneration as suggested by the London Stock Exchange Group to improve London's attractiveness for listings".
Barclay writes further "I trust you'll agree this is a more proportionate regulatory response and reflective of the new approach to regulation outlined in the 'Benefits of Brexit' publication in January."

So it is OK in the Government's eyes to ask its employees, the 'key workers' we all applauded through the Covid crisis, to accept lower than inflation pay rises, whilst its fat cat director friends (and probable donors to the Conservative party) can have rip-roaring pay increases.

What twisted logic from those who govern us.

Yours faithfully

Stephen Hardy