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  Keith - private sector pay is a matter solely for the shareholders of those businesses; government intervenes at its peril. Pay and income policies are a self defeating instrument in Western democracies, it is too easy for high earning individuals and/or their employers to move domicile to a more favourable regime. Likewise we need to be very careful with high tax policies on high earners for the same reasons, much as I believe that the tax system should be redistributive it needs very careful thought to ensure people are not alienated.
  
  With regard to those banks where the state has taken shares then we the people via the government of the day ought to have a say and some control over salaries.
  
  As for the public sector, then we the taxpayer absolutely have a right to demand transparency, probity etc. in the pay structures.

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