Mark Littlewood comments on the Business Secretary's proposals on executive pay
“If Vince Cable spent as much time and effort removing red tape as he appears to do on introducing more of it, we might get closer to encouraging the economic growth we need.
“To be fair to the Business Secretary, he appears to wish to cajole companies in a certain direction rather than take a fully draconian approach.
“Nevertheless, he is increasing the burden on businesses, not decreasing it. Ruminating about appropriate levels of executive pay is a distraction from the central issue of how to get the economy to grow. Vince Cable’s statement today is more about political positioning than sound economics.”
Notes to editors
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