Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Corbyn calls for maximum wage law  Join our daily free Newsletter

MENAFN - Gulf Times - 10/01/2017
No. of Ratings : 0
Add to Mixx!


(MENAFN - Gulf Times) Jeremy Corbyn has called for a maximum wage for the highest earners, saying he fears Brexit will see the UK become a 'grossly unequal, bargain basement economy.
The Labour leader would not give specific figures, but said radical action was needed to address inequality. 'I would like there to be some kind of high earnings cap, quite honestly, he told BBC Radio 4's Today programme yesterday.
When asked at what level the cap should be set, he replied: 'I can't put a figure on it and I don't want to at the moment. The point I'm trying to make is that we have the worst levels of income disparity of most of the OECD countries.
'It is getting worse. And corporate taxation is a part of it. If we want to live in a more egalitarian society, and fund our public services, we cannot go on creating worse levels of inequality.
Corbyn, who earns about £138,000 a year, later told Sky News he anticipated any maximum wage would be 'somewhat higher than that.
'I think the salaries paid to some footballers are simply ridiculous, some salaries to very high earning top executives are utterly ridiculous. Why would someone need to earn more than £50mn a year?
The Labour leader, who is an Arsenal fan, said he thought his team's manager, Arsene Wenger, 'would probably like it very much indeed, he'd probably like there to be a maximum wage cap on the whole of the Premier League.

Corbyn said he believed taxpayers would ultimately benefit from job creation as a result of lower executive pay.
'They would have less of their enormous pay levels and more would go back into the company and our society as a whole, he said. 'Economic development does benefit the taxpayer because more people work and get jobs and pay taxes. It's something we're looking at and learning from others.
Corbyn had expressed his view on the issue before, during his leadership campaign.
'It's a kind of philosophical question really. There ought to be a maximum wage. The levels of inequality in Britain are getting worse, he told the Herald in 2015.
Corbyn stressed he was not announcing a specific policy on a law to limit income, but said he had 'got a view on it.
Pressed again, he said: 'I would like to see a maximum earnings limit, quite honestly, because I think that would be a fairer thing to do. Because we cannot set ourselves up as being a grossly unequal, bargain basement economy on the shores of Europe.


 


Gulf Times




  MENA News Headlines
 Apr 28 2017 - Iran, Russia defense ministers discuss Syria crisis in MoscowTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 27 By Fatih Karimov – Trend: Iranian Defense Minister Brigadier General Hossein Dehqan and his Russian counterpart, Sergei Shoigu, held ...

 Apr 28 2017 - Uzbekistan, Kuwait hold first round of political consultationsTrend News Agency
(MENAFN - Trend News Agency ) Tashkent, Uzbekistan, April 27 By Demir Azizov– Trend: The first round of political consultations between the foreign ministries of Uzbekistan and Kuwait was ...

 Apr 28 2017 - Russia fulfilled its S-300 missile system deal with Iran - Rostec CEOTrend News Agency
(MENAFN - Trend News Agency ) Last year, Russia fulfilled all its commitments under the contract to deliver S-300 air defense systems to Iran, said Sergei Chemezov, the CEO of Russia's state ...

 Apr 28 2017 - Azerbaijani currency rates for April 28 (UPDATE)Trend News Agency
(MENAFN - Trend News Agency ) Details added (first version posted on 09:33) Baku, Azerbaijan, Apr. 28 Trend: Official exchange rate of the US dollar and euro to Azerbaijani manat for ...

 Apr 28 2017 - OPEC oil price dropsTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Elena Kosolapova– Trend: The price of OPEC basket of thirteen crudes stood at $48.90 a barrel on April 27, compared with $49.63 the ...

 Apr 28 2017 - Tase: EU measures on Ankara divert attention from real challengesTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Anakhanum Hidayatova – Trend: PACE's decision to bring back monitoring of Turkey's commitment to its obligations to the Council of ...

 Apr 28 2017 - Iran commander thanks health minister for helping 'resistance' in SyriaTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Khalid Kazimov – Trend: The Commander of Iran's Quds Force Qassem Soleimani in a letter to Health Minister Mehdi Qazizadeh Hashemi ...

 Apr 28 2017 - Turkish armed forces strike back at PYD positions in SyriaTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Orkhan Quluzade – Trend: Turkish Armed Forces struck back at positions of the Democratic Union Party (PYD) terrorist group in ...

 Apr 28 2017 - Israeli gymnast says happy to perform at FIG World Cup in BakuTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Leman Zeynalova – Trend: Israeli gymnast Nicol Zelikman says she is happy to participate with her program in Baku. She today ...

 Apr 28 2017 - Tase: EU measures on Ankara divert attention from real challengesTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Anakhanum Hidayatova – Trend: PACE's decision to bring back monitoring of Turkey's commitment to its obligations to the Council of ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help