Labour frontrunner Jeremy Corbyn calls current levels of corporate pay “ludicrous”
In an interview today, Jeremy Corbyn attacked corporate pay and claimed bankers need to wake up to Britain's “gross inequalities”.
Speaking to the FT, the Labour frontrunner described the salaries and bonuses out by some businesses as “ludicrous”, and said he is investigating every organisation.
I do think the salary level and the bonus levels again have got to be looked at. I am looking at the gap in every organisation between highest and lowest levels of pay.It seems large corporations are equally sceptical stance about the 66-year-old, who said his doors were “always open” to big business, but that “they've none of them been in touch yet.
He also hinted he would break up Rupert Murdoch's media empire if he becomes Prime Minister, saying the UK needs a media that is “not controlled by a very small number of very big interests”.
Murdoch should understand that we're very serious about diversity of media ownership and I hope he will understand that.
It seems large organisations are equally sceptical about the 66-year-old, however. He said his doors were "always open" to big business but added that "they've none of them been in touch yet".
Corbyn's plan for business
Earlier this month, Corbyn unleashed his Labour business plan into the world. Called the “Better Business” plan, it focusses on helping small businesses and individual entrepreneurs.
Policies that feature in it include freezing rates for small businesses, clamping down on corporation tax avoidance and investing in skilled workers.
He also wants to set up a National Investment Bank for injecting cash into areas such as green energy, transport and digital infrastructure.
“Britain's businesses complain that Britain suffers from a lack of investment in our energy, transport and digital infrastructure. Yet the government continues to cut public investment. I want a National Investment Bank to fund the infrastructure we need," he said.
On 12 September the new leader of the party will be announced. Polls currently put left-wing Corbyn ahead of his competitors Yvette Cooper, Andy Burnham and Liz Kendall.
In recent weeks he has revealed his intention to put some controversial plans into action, Such as withdrawing the UK from Nato and apologising for the Iraq War on behalf of Labour.