Of course, the last Labour lot were no better. They will certainly not super-tax their best friends. The government simply waits for cheques to roll into the Conservative Party’s coffers. What does the government do about it? Zilch. If the fat cats’ employees had a fair share of all this wealth, most of them would spend it in their localities, giving a much-needed boost to the overall economy. This is all part of the growing problem of social inequality. They buy themselves country pads in The Cotswolds, the Chilterns, rural France etc, exacerbating the problem local people have in finding an affordable home. They buy up properties to rent, bringing in even more unearned dosh. They don’t just send their spouses on spending sprees in Harrods, they invest it in enterprises in off-shore tax-havens, making yet more money. How on earth can they spend so much money? Easy.
They receive this obscene level of pay regardless of the success or otherwise of their companies.
Instead of companies investing in research and development, instead of investing in new technology and training, the greedy buggers swipe as much as they can for themselves. That is why our economy has the chronic problem of low productivity. Having sat in their posh offices for only 29 hours since the Christmas break, these fat cats (the fattest in Europe) will be trousering an average £3.9 million. Greed is the watchword of the captains of British industry and commerce.īy 1 pm 4 th January, the bosses of Britain’s FTSE 100 will already have earned (delete earned and substitute taken) more money in 2019 than their average employee will make in the whole of the year, 133 times more than workers on the median annual salary of £28,758.