The TaxPayers’ Alliance (TPA) is celebrating a huge policy victory, with the Government finally implementing a £95,000 cap on pay-outs in the public sector, a measure that was promised by George Osborne and only now implemented.
The TPA has campaigned for curbs on golden goodbyes in the public sector, with the Public Sector Rich List and also the annual Town Hall Rich List. Yesterday the TPA’s 2019 Town Hall Rich List revealed there were at least 2,454 council employees who received total remuneration in excess of £100,000 in 2017-18. That’s 148 more than in the year before…
John O’Connell, Chief Executive of the TaxPayers’ Alliance, tells Guido:
“Senior bureaucrats are already rewarded with pension schemes that ordinary Brits could only dream of, so it’s only fair to place a cap on exit payments. Bar some understandable exemptions for soldiers and spies, golden goodbyes will finally come to an end. The average council tax bill has gone up by more than £900 and the tax burden is at a 49-year high, so this announcement is an important step in the right direction.”
Taxpayers will be breathing a sigh of relief, defunding over-generous pay-outs for the public sector top brass will save an estimated £100 million-a-year. Long-term this will save taxpayers billions – what a great policy win!