Osborne's Command Economics

Guido just watched George Osborne on Marr argue that because banking is regulated, he should be able to order the financial regulators to order private enterprises to limit the pay of their employees (and further he wants international agreements to limit banker’s bonuses). In other words he is advocating a neo-Heathite incomes policy for the private sector.

Marr Osborne

Command economies have been out of fashion since the seventies when they were tested to destruction around the world. Television is another heavily regulated industry, why not cap Simon Cowell’s pay? Telecommunications is regulated – Telecoms tycoons earns hundreds of millions, why shouldn’t they be on maximum wages?  The football transfer market is heavily regulated in Europe as well…

Why single out bankers?  Guido doesn’t think it worth getting too worked up about this policy lurch because it will never happen and he doesn’t think Osborne really believes in what he is saying.  The Tory treasurers Stanley Fink and Michael Spencer know something about huge bonuses and might be in a better position to advise the Shadow Chancellor.  Bankers will simply re-organise their affairs so as to avoid socialising their rewards.  The Cameroons show a depressing lack of leadership in making the argument at any level on any area of policy that is a hard sell.




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Corbynista media cheerleader Aaron Bastani says his friend Clive Lewis’s “b*tch” comment was:

“beneath any parliamentarian”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Lewis: “I Apologise Unreservedly” Lewis: “I Apologise Unreservedly”
Clive Lewis: “Get On Your Knees B****” Clive Lewis: “Get On Your Knees B****”
Heads Up: Parliament Tells MPs It’s Too Windy To Inspect Falling Masonry Heads Up: Parliament Tells MPs It’s Too Windy To Inspect Falling Masonry
Corbyn Stands By Disgraced Lavery Corbyn Stands By Disgraced Lavery
Mandelson Lies About Single Market Mandelson Lies About Single Market
Merkel: “Absolutely No Doubt” There Will Be A Deal Merkel: “Absolutely No Doubt” There Will Be A Deal
Sweden Drawing Up Brexit Trade Plans Sweden Drawing Up Brexit Trade Plans
Car Windscreen Smashed Inside Parliament Car Windscreen Smashed Inside Parliament
Russia Today Presenter Fibs With First Word on #BBCDP Russia Today Presenter Fibs With First Word on #BBCDP
Shameless Poetry Shameless Poetry
John Healey: Then and Now John Healey: Then and Now
Linesman MP Has Attended 96% of Votes, Better Record Than SNP MPs Linesman MP Has Attended 96% of Votes, Better Record Than SNP MPs
On The Red Carpet Last Night On The Red Carpet Last Night
Red Sky at Night, Jez’s Delight Red Sky at Night, Jez’s Delight
Arms Folded in Unity Arms Folded in Unity
Cliffe Quits Radicals After 12 Hours Cliffe Quits Radicals After 12 Hours
Davis: Brake Leaked His Own Letter Davis: Brake Leaked His Own Letter
Brake Misleads Bercow About Guido Story Brake Misleads Bercow About Guido Story
Labour Charge Electric Campaign Vehicle in Parliament Labour Charge Electric Campaign Vehicle in Parliament
Mr Rayner’s Alternative to Badger Cull Mr Rayner’s Alternative to Badger Cull