Greed is the price we pay for free market economy

Article Abstract:

It is becoming increasingly clear that it will be very difficult to resolve the issue of executive pay, one which continues to attract considerable media attention in the UK. Most recently, it has been suggested that Sir Iain Vallance and Sir Peter Bonfield, chairman and chief executive respectively of British Telecom, will receive bonuses of 500,000 pounds sterling each. Vallance has already taken care to emphasise that he would not accept such a bonus. It is hard for companies not to offer very high executive salaries, as they must do so in order to attract the best staff.

Compensation and benefits, Executives, Executive compensation

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Oh, for a good old-fashioned 1980-style Budget

Article Abstract:

The UK government's 1996 Budget was generally rather uninteresting, being designed to appeal more to the financial markets than to voters. This contrasts sharply with the 1980s, when budgets tended to be adventurous and sometimes rather extreme. The 1996 Budget is economically sound, given that it comes in the sensitive pre-election period, and avoids any radical measures. Chancellor Kenneth Clarke is clearly trusting in the underlying strength of the economy to convince voters to support the Conservative party.

Analysis, Budget, Budgeting, Budgets

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Labour gets itself in a pickle over utilities tax

Article Abstract:

The UK Labour party could find that plans to levy a windfall tax on the privatised utilities prove misguided. Indeed, the Conservative party has taken up this tax, which is arbitrary and random in nature, as a campaigning issue. There is considerable confusion within the Labour party about the tax, and it has become a very sensitive issue. There are particular problems relating to how the tax would be levied.

Taxation, Electric utilities, Water utilities, Gas utilities, Labour Party (United Kingdom), Tax policy

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