9-Jan-2012 - Labour urges 'better capitalism'

Visted 1 times

7 January 2012 Last updated at 09:45 GMT Labour calls for 'responsible and better' capitalism Labour has called for "more responsible and better capitalism" and policies to tackle excessive executive pay. Shadow business secretary Chuka Umunna said increasing transparency was the key to address high salaries. Speaking on BBC Radio 4's Today, he called for simplified pay packages and the creation of a league table cheap NFL jerseys showing how much more bosses earn than workers. The Conservatives are expected to announce their own policies on executive pay later this weekend. Mr Umunna said excessive executive pay was "systematic" custom nhl jerseys of the "kind capitalism that has grown up in the country over the last 30 years". "What we need is a more responsible and better capitalism," he said. Labour was not against people being rewarded for taking risks and creating jobs, he explained. But there was a problem when pay awards appeared to "bear no relation to performance" - a situation that can "undermines trust in the whole system", he said. Labour says it accepts in full the recommendations the High Pay Commission and urged ministers to do the same. The commission - set up NBA jerseys by a pressure group - had said the disparity between what top executives and average workers earn has been building for many years.

Comments (0)Post Comment View Whole Blog

9-Jan-2012 - Labour urges 'better capitalism'

Visted 2 times

7 January 2012 Last updated at 09:45 GMT Labour calls for 'responsible and better' NFL jersey supply capitalism Labour has called for "more responsible and better capitalism" and policies to tackle excessive executive pay. Shadow business secretary Chuka Umunna said increasing transparency was the key to address high salaries. Speaking on BBC Radio 4's Today, he called for simplified pay packages and the creation of a league table showing how much more bosses earn NFL jerseys supply than workers. The Conservatives are expected to announce their own policies on executive pay later this weekend. Mr Umunna said excessive executive pay was "systematic" of the "kind capitalism that has grown up in the country over the last 30 years". "What we need is a more responsible and better capitalism," he said. Labour was not against people being rewarded for taking risks and creating jobs, he explained. But there was a problem when pay awards appeared to "bear no relation to performance" - a situation that can "undermines trust in the whole system", he said. Labour says it accepts in full the recommendations the High football jerseys Pay Commission and urged ministers to do the same. The commission - set up by a pressure group - had said the disparity between what top executives and average workers earn has been building for many years.

Comments (0)Post Comment View Whole Blog