Sometimes, for all that the government tries to spin and control the release of news to the media, two stories coincide to reveal its underlying direction.
Today, Stephen Hester, chief executive of state-owned bank RBS, receives a
pay settlement worth around £7.7 million, assuming he meets share price targets (which he will, assuming the stock market continues naturally to trend upwards, something entirely beyond his control).
Today, a review recommends that
police pay be cut, whilst the Association of Chief Police Officers warns of up to 28 000 job losses. The latter is likely to be scaremongering. But, the maths speaks for itself.
Front-line police starting salaries are £22 000. Stephen Hester earns £7.7 million. That makes Stephen Hester worth the work of 350 police officers. Can we, the taxpayer, can they, the government, really believe that one banker is worth that number of people working to preserve social order?
Labels: Politics
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