Pay Increases

Part of Oral Answers to Questions — Employment – in the House of Commons at 12:00 am on 31 October 1989.

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Photo of Mr Patrick Nicholls Mr Patrick Nicholls , Teignbridge 12:00, 31 October 1989

Any company making a decision about what its directors will be paid has to take into account a number of factors. It will have to consider whether a pay rise is necessary to attract staff of the correct calibre and whether the person will make a contribution which will justify his salary. The hon. Gentleman cannot get to grips with the fact that many of the lowly or lower paid employees, whose interests he claims to represent, are better served by having companies run efficiently, and that that costs money at the highest level.