Sunday, June 22, 2008

Yet another Chancellor pisses in the wind

Chancellor Alistair Darling says pay rises for people "from the boardroom to the shopfloor" need to be "consistent" with the 2% inflation target.

What I and millions like me in private industry negotiate is between us and our employer and, other than the the extortion called income and NI, fuck all to do with you.

What you do have, Mr Chancellor, is control over public sector pay and that's easy - award 2% and tell them to get on with it or find a job in private industry.

Despite the rant there is precedence, Chancellors setting pay for private industry didn't work in the 70's and led to stupid policies like prices and incomes controls. They failed then and they'll fail now.

If you want to know what to do next I suggest you pick up a book about our economic history of 1975 to 1995, that should give you a clue.

1 comment:

Mark Wadsworth said...

"other than the the extortion called income and NI"

That's one "the" too many and one "tax" missing, part from that ,agreed.