Labour leader says cap on earnings is needed to address inequality and avoid

UK becoming bargain basement economy

Would you support a maximum wage law in the UK?

Jeremy Corbyn said a maximum wage was needed if we want to

live in a more egalitarian society and fund our public services.
Photograph: Stefan Rousseau/PA
Jessica Elgot Political reporter
09.22 GMT13.37 GMT

4,774
Jeremy Corbyn has called for a maximum wage for the highest

aw
earners,
saying he fears Brexit will see the UK become a grossly
r
m
eunequal, bargain basement economy.
so
The
Labour leader would not give specific figures, but said radical
r
action was needed to address inequality. I would like there to be
e

some kind of high earnings cap, quite honestly, he told BBC Radio
s4s Today programme on Tuesday.
hWhen asked at what level the cap should be set, he replied: I cant
aput a figure on it and I dont want to at the moment. The point Im
r
trying to make is that we have the worst levels of income disparity
i
of
most of the OECD countries.
n
gIt is getting worse. And corporate taxation is a part of it. If we want
to live in a more egalitarian society, and fund our public services,
owe cannot go on creating worse levels of inequality.
pCorbyn, who earns about 138,000 a year, later told Sky News he
t
anticipated any maximum wage would be somewhat higher than
i
that.
o
nI think the salaries paid to some footballers are simply ridiculous,
ssome salaries to very high earning top executives are utterly
ridiculous. Why would someone need to earn more than 50m a
year?
The Labour leader, who is an Arsenal fan, said he thought his
teams manager Arsne Wenger would probably like it very much
indeed, hed probably like there to be a maximum wage cap on the
whole of the Premier League.