The amazing 'Boy' George Osborne and his assistant the ever willing stooge Danny 'I'll do it' Alexander have managed to hoodwink the British public into thinking two very important things.Firstly, that the country has been teetering on the brink of bankruptcy.
Secondly, that they are the only ones with the magic to get us out of it!
Surprising then to discover that in this year of impending economic double disaster, the pay of FTSE100 company directors rose a staggering 55% in the 12 months to June 2010 (effectively before this magic duo came to power) and the total boardroom pay of FTSE350 companies increased by 45%. (Read more here)Many of these companies, in the same period, had imposed pay freezes on their workers in response to the 'economic crisis'. No doubt these pay freezes gave all of their staff, voters every one, an object lesson in the seriousness of the situation. Perhaps even persuading them for the need for change.
Well, change effected, and then somehow out of it all the bosses have managed to pay themselves massive rises. How can that be so in such an economic crisis? One in which, with slight of hand, we are told that, "we are all in this together"? Well, freeze the pay of your production staff and effectively you have reduced costs, increasing profit margins... It's an old trick that few ever see.
Economic crisis. Magic more like. You'll like it... but not a lot.
