European Union leaders, meaning an amalgam of MEPs and unelected commissioners and ambassadors, have reportedly voted to restrict bankers' bonuses. "Good" you might say but, actually, what have the pay arrangements of private companies got to do with politicians and civil servants ? What, indeed, have the pay arrangements of companies based in the UK got to do with the European Union at all ?
Today it's 'bankers' bonuses', what will it be tomorrow ? While restrictions on bonuses may be seen as a good thing by many, even though the disbenefits for the UK are potentially substantial, will they think the same when the EU introduces restrictions on the pay of everyone else ? What if they decide that £100,000 a year is enough for anyone ? Or £50,000 ? What if they decide to introduce rules about minimum tax rates ?
Bankers' bonuses are the thin end of a very large and intrusive wedge which we should all be kicking against. It is for individual companies and their shareholders to determine rates of pay and bonuses, not for politicians and certainly not for foreign politicians. How much more of this foreign interference in our internal affairs are we going to stand for ? VOTE UKIP !
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