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Barclays boss urges UK ministers to limit public sector pay rises

⁨10⁩ ⁨likes⁩

Submitted ⁨⁨1⁩ ⁨month⁩ ago⁩ by ⁨TheDwZ@lemmy.world⁩ to ⁨unitedkingdom@feddit.uk⁩

https://www.theguardian.com/business/2025/sep/12/barclays-boss-urges-uk-ministers-limit-public-sector-pay-rises

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Comments

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  • florge@feddit.uk ⁨1⁩ ⁨month⁩ ago

    Venkatakrishnan took home about £10.5m in 2024, I’m sure he’s the best person to comment on what the public sector spending should be.

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  • wingsfortheirsmiles@feddit.uk ⁨1⁩ ⁨month⁩ ago

    Only on the condition that his bonuses and other remuneration are taxed at 90%

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  • MonsterMonster@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Someone has to pay for his multimillion pay!

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  • matelt@feddit.uk ⁨1⁩ ⁨month⁩ ago

    Yes but you get what you pay for you greedy little piggy. The public sector is constantly asked to do more with less. The media is quick at decrying the pitiful pay increases but are equally quick at pointing the finger when something goes wrong, be it passports backlogs or flooding events. In other words, you pay peanuts, you get monkeys.

    I should know, I’m a monkey.

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  • mannycalavera@feddit.uk ⁨1⁩ ⁨month⁩ ago

    Inflation only pay rises by default. Anything else needs to be proved on merit. That way you’re not “loosing money” as you keep up with inflation and the incentive is to improve your work output to gain more. This includes high and low earners.

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