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Two in three support pay cap for bosses

Think-tank Class study shows support for 65:1 limit

Capping bosses pay to close inequality has the support of almost two thirds of the British public, a survey for think tank the Centre for Labour and Social Studies (Class) revealed yesterday.

Nearly two in every three people support placing a 65:1 pay ratio on soaring salaries of executives.

And Class said the stats should embolden the Labour Party to commit to a pay cap in its general election manifesto.

Chairman Steve Hart said: “If Labour answers the fairness question, it can gain support at the ballot box.

“It is clear there is popular support for pay ratios that are much smaller than those enjoyed by bosses of FTSE100 companies.

“Labour has talked about pay ratios; this poll shows that that the public is well behind capping the pay of those at the top in relation to those at the bottom.”

The survey was carried out for Class by YouGov and the results are revealed ahead of the trade union’s think-tank’s conference in London on Saturday, themed “What Britain Needs.”

They also showed broad support for a range of other measures to tackle inequality, which people believe has soared since the Tories took power.

Two thirds back raising the top rate of tax, more than half support Labour’s mansion tax plans and over eight in ten think closing tax loopholes would reduce inequality.

“It’s time for politicians to put forward how they are going to tackle widening inequality in Britain,” added Mr Hart.

“Policies that narrow the gap between the rich and the poor have clear popular support.”

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