Read the rest [Link].
In our recent report with the Institute of Directors we advocated a public sector pay freeze as one of key measures to tackle the fiscal crisis. Politicians from all parties followed suit during the Conference season. But in particular we were told that executive pay in the public sector had to be reined in. The squeeze had to start at the top.
Also out today, the TPA's annual Public Sector Rich List 2009 [PDF] How is it possible that:
- There are 8 people in the public sector who earn more than £1 million a year, compared with 4 people last year.
- There are 35 people in the public sector earning above £500,000 a year compared with 21 last year.
- There are 120 people earning above £250,000 a year compared with 88 last year.