Peter Hain appealing to the left ?
Peter Hain , who has thrown his hat in the ring for Deputy , now sounds like he is trying to appeal to the left in the Labour Party.
As an aside, if he is trying to revive left credentials (he had a few with his anti apartheid campaigning ) , and Cruddas is trying to gain some, does that mean there are a few of us still in the Party ?
Anyway back to the point of this post:
City firms should donate two-thirds of their bonus pots to charity rather than giving employees six-figure bonuses, cabinet minister Peter Hain says. Massive bonuses - which totalled £8.8bn this Christmas - were fuelling envy and social discontent, the Northern Ireland Secretary told the Sunday Telegraph.
"There's a real problem of people on average incomes feeling there's a sort of super-rich class right at the top," he told the newspaper.
Well Peter its more than a feeling, its a reality that won't disappear by donations to charity .
The report outlines his concerns :
Four thousand City workers receiving more than £1m each in bonuses. People don't feel that's proportionate. We've lost a sense of moral corporate responsibility here.
"That sort of thing creates a society where you start getting envy being promoted and a sense of real antagonism and that breeds all sorts of socially undesirable behaviour."
Mr Hain, who is a candidate for Labour's vice-leadership, suggested two-thirds of the £8.8bn should be given to charity or inner-city regeneration projects.
And what is "all sorts of socially undesirable behaviour" ? People questioning why city boys and girls get rewarded so well? People questioning whether the Labour Party any longer represents ordinary working people or is happier cosying up to big business .
It will take more than shaking down the city boys for their small change to address the real inequalities in society.
As an aside, if he is trying to revive left credentials (he had a few with his anti apartheid campaigning ) , and Cruddas is trying to gain some, does that mean there are a few of us still in the Party ?
Anyway back to the point of this post:
City firms should donate two-thirds of their bonus pots to charity rather than giving employees six-figure bonuses, cabinet minister Peter Hain says. Massive bonuses - which totalled £8.8bn this Christmas - were fuelling envy and social discontent, the Northern Ireland Secretary told the Sunday Telegraph.
"There's a real problem of people on average incomes feeling there's a sort of super-rich class right at the top," he told the newspaper.
Well Peter its more than a feeling, its a reality that won't disappear by donations to charity .
The report outlines his concerns :
Four thousand City workers receiving more than £1m each in bonuses. People don't feel that's proportionate. We've lost a sense of moral corporate responsibility here.
"That sort of thing creates a society where you start getting envy being promoted and a sense of real antagonism and that breeds all sorts of socially undesirable behaviour."
Mr Hain, who is a candidate for Labour's vice-leadership, suggested two-thirds of the £8.8bn should be given to charity or inner-city regeneration projects.
And what is "all sorts of socially undesirable behaviour" ? People questioning why city boys and girls get rewarded so well? People questioning whether the Labour Party any longer represents ordinary working people or is happier cosying up to big business .
It will take more than shaking down the city boys for their small change to address the real inequalities in society.
posted by stroppybird at 7:04 pm
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