Wednesday, 3 June 2009

Clarke: Fat cat pay will fall

Ken Clarke surprised Lobbydog last night when he said he thought top executives’ and directors’ wages were too high.

Perhaps the shadow business secretary is still a bit sore after severing his connections with British American Tobacco.

We were chatting about an attempt from a Labour MP, to be made today, to bring in a national "maximum wage". Yes, you read it correctly.

Clarke scoffed at that of course, but said the recession would bring some "common sense" back into how executives were paid.

Labour’s Paddy Tipping, who will announce his proposal after PMQs, told Lobbydog he thought there would be public support for a ceiling on wages.

Maybe, but it won't help Labour avoid a beating at the poll booth tomorrow.

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