British Prime Minister Theresa May’s
new head of policy has developed plans to cut employment rights and wages in
poorer areas. This is not however the first time that she has tried something
like this. Previously, the same thing was tried by her.
George Freeman, a Conservative MP,
wrote a paper in 2013 arguing that the minimum wage and public sector pay
should be “regionalized”.
The paper, ‘The Innovation Economy
Industrial Policy’, which he co-wrote with fellow MP Kwasi Kwarteng, suggests
reducing the minimum wage in areas where incomes are lower.
Other suggestions included halving
corporation tax for big business, abolishing subsidies for green energy, and
exempting corporations from paying tax or having to follow employment rights
for their first three years.
It also said corporation tax should
be cut to 10 percent as a matter of course and advocating moving skilled
workers from the public sector to the private sector.
The MP will now chair May’s policy
board — despite her suggestions that her government would help workers, rather
than “the privileged few”.
“By maintaining uniform national
minimum wages and wage rates in the public sector, the Government creates real
imbalances in regional labour markets,” he wrote.
There is a possibility of a radically
right-wing direction for industrial policy under the now PM. It comes after the
Coalition Government commissioned the so-called Beecroft Report, which
looked at changes to employment law and suggested making it easier to sack
workers.
The new Prime Minister appears to be
breaking with the industrial strategy of the last government. Last week, she
said all takeovers of British companies should be scrutinized to judge whether
they were in the national interest.
No comments:
Post a Comment