Notepad on Life

March 31, 2010

Police your own back yard, CBI

Filed under: business,Law and order — - @ 8:02 am
Tags: , ,
The floor of the New York Stock Exchange.
Image via Wikipedia

There is something vaguely serf-and-master about the Confederation of British Industry sticking its nose into the public sector by suggesting a pay freeze for police officers.

While someone will always have to decide what represents reasonable remuneration for men and women who put their life on the line every time they don uniform, my nose wrinkles somewhat when I hear such a call being made by an organisation whose closest brush with danger comes whenever it handles a stapler.

If the CBI wants to get involved with cops and robbers, it should stick to those delinquents in the City, whose own version of criminal damage we’re all paying the price for and whose complete lack of contrition can be gauged from Monday’s City AM report on how London may be losing its edge as the world’s leading financial centre.

Those at Profit Central, apparently, are wailing at increased regulation of the way they do business. You probably won’t be surprised to learn who’s moaning the most…

“Concern about the legislative burden is at an all-time high in the industry with 74 per cent of firms seeing regulation as a constraint on business over the next 12 months. Among banks this figure rose to 90 per cent and among security traders to no less than 87 per cent.”


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