Skip to content
Saturday 12 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,650.44
+0.39%
DAX
25,568.56
+0.82%
CAC 40
8,179.77
+0.78%
STOXX 50
6,325.13
+0.90%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 13 March 2017 10:41 am

Jeremy Corbyn says a maximum wage is still being considered by Labour

By: Mark Sands

Add as a preferred source on Google

Labour leader Jeremy Corbyn has rekindled the prospect of Labour introducing a maximum salary, months after suggesting a pay ratio scheme.

Speaking on the Today programme, Corbyn said Labour is consulting on the appropriate level for a pay ratio, but he added that a hard salary cap was still on the table.

“On maximum pay we want to introduce a ratio, we're consulting on what the ratio would be,” Corbyn said.

“It could well include a maximum pay level, but let's look at the issue in the context of inequality and injustice in society. That's really what economic debate should be about.”

Read More:  No, Corbyn – income disparity is not getting worse in the UK

The Labour leader also reiterated his commitment to increases in corporation tax, income tax and inheritance tax boundaries.

“We would seek to raise taxation income at the top end, rather than the bottom end,” Corbyn said.

“Our programme is not complete, I fully concede that. It could not be, we are still working that out.”

But Corbyn's comments risked raising further confusion after he rejected a £60bn figure for Labour spending.

Only yesterday his recently promoted shadow business secretary Rebecca Long-Bailey admitted the figure was “broadly accurate” on The Andrew Marr Show.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

  • Primark sales slip as owner dresses up retailer for demerger

  • Badger Beer maker Hall & Woodhouse doubles profit ahead of tie-up with James May

  • Crystal Palace owner Blitzer part of £1bn mega stadium redevelopment

  • Barclays faces legal scrutiny over role in £90m ‘Ponzi scheme within a Ponzi scheme’

More from Morning Wire

  • As Sir Keir Starmer quits parliament, will Zack Polanski replace him?

    Politics
    Keir Starmer addressing the media at a press conference, wearing a navy suit, discussing recent political developments.
  • Trade sanctions on Israeli settlements attacked as ‘performative’

    Politics
    Ed Miliband speaking at dispatch box in the House of Commons, with other Members of Parliament seated behind him.
  • Top business group urges Healey to cut NICs to ‘solve Neets crisis’ 

    Economics
    Man in suit and red tie speaking at a podium to an audience in a modern building.
  • Should Burnham dash for an early election?

    Opinion
    Andy Burnham, wearing a dark suit and glasses, speaks outdoors with trees in the background.
  • Why Labour can’t kick Whitehall’s consultancy habit

    Consulting
    Whitehall consultants
  • Stamp duty on shares is ‘biggest handbrake’ says UK bank chief

    Markets
    LSEG logo on a large screen inside a modern building with stock tickers and glass ceilings.
  • Government debt repayment ‘could rise to half’ of total taxes

    Economics
    UK public finances and sovereign debt crisis
  • Goldman: Junior white-collar workers squeezed hardest by AI hiring slump

    AI
    People waiting outside a job centre, highlighting unemployment issues and job search challenges in the current economy.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook