Nick Clegg has committed the government to a crackdown on excessive executive pay, saying that austerity in the public sector had to be balanced by curbs on "irresponsible and unjustifiable" pay rises in the private sector.
Let's get something quite straight here, matey: the word "private" has a pretty clear meaning. It means that it's none of the government's business. If I think an employee is worth £10m/year, then what's it to anyone but me and him?
I think we need to make sure that people in the public sector do not feel that they are doing all the heavy lifting, that people who are in a sense living by completely different rules in the private sector are also held to account
They are held to account. By their employers.
Look, should we legislate against which women that billionaire's shag or marry, which charities they decide to give money to, which football clubs they bankroll? Same thing.
This is nothing but infantile politics of envy by the Lib Dems, that someone out there was in the right place at the right time and played some suckers for more than they were worth. Yeah, they're not suffering like the teachersandnurses, but so what? Some people happen to be born to billionaires. Do we take them into care for that? No.
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