Pay must be fair for all, not just the public sector

Close on 13 years ago, the benchmarking body announced sweeping pay increases right across the public sector, with an average pay increase of 9%.

Some got well above that figure and still weren’t happy. Others didn’t do so well. Those increases, and the ones that followed, from the benchmarking bodies with promised, but not delivered, productivity increases helped to sow the seeds of what befell us in 2007 and onwards.

In column after column, since that time, reference is made to the parts played by the bankers, economists, failed regulators, builders, developers and others.