Stack of pound coins

Dr Steve Davies appears on Sky News

Dr Steve Davies, Head of Education at the Institute of Economic Affairs has appeared on Sky News to comment on Jeremy Corbyn’s proposal for a wage cap.

In the interview Steve argues that what is driving top pay is the fact that increasingly we live in a globalised world. We are therefore competing with other countries to get the best personnel in all sectors and that is what is driving up pay at the top – something that is not a problem. If it is deemed as a problem, it is not one for government to get involved in, but for the shareholders themselves.

Listen to the full interview here.