Who's The Boss?

Were the old nationalised industries part of the public sector? If so, then how are the banks not part of it today? Of course they are. Any curb on public sector pay must extend to them as much as to anyone else. And then there are the private contractors whom local authorities and other public bodies are ludicrously compelled to use instead of providing services in house, and who are currently holding to ransom those bodies, which are their licenses to print public money.

By statute, no one at all should be paid more than the Prime Minister, no company should be permitted to pay any of its employees more than ten times what it pays any of its other employees, and the whole public sector (including, of course, the Prime Minister) should function as a single entity for this purpose, with its median wage fixed at the median wage in the private sector.

Where else have the "mobile" bankers to go? Where would take them at the moment? There would be politically serious calls to deny them entry to many countries. Anyway, they are not really "mobile" at all. The ones here are almost always either British or Irish. They only want to live in one of two cities on earth. And they don't want to live in New York in America's current pitchfork mood.