Barclays chief to lead reform of tax and welfare system
Tuesday 20 May 1997
But Labour's new-found affinity with business may soon run into controversy. It was revealed earlier that Peter Jarvis, the retiring chief executive of the Whitbread brewing and leisure group, who was in line to chair the Government's Low Pay Commission, was himself paid more than pounds 1m last year. The figure represents around pounds 520 an hour, or over 150 times the pounds 3.20- an-hour level, which he is thought to favour as the threshold for any minimum wage.
Mr Taylor's job comes swiftly after the appointment of Sir David Simon, the former chairman of BP, as minister for trade and competitiveness in Europe, in the Department of Trade and Industry. The latest task force, which will be entirely Whitehall-based, and is expected to last a year, fulfils a manifesto commitment to streamline and modernise the system, to promote work incentives, reduce poverty and welfare dependency, while "strengthening community and family life".
Mr Taylor said he "didn't want a committee of the great and the good"; rather he expected it to consist of himself and four civil servants, one each from the Treasury, the Inland Revenue, the Department of Social Security, and the Department for Education and Employment.
Mr Taylor, an Eton-educated former financial journalist, will give two days a month to the project. He said he would be taking depositions from outside bodies, but the challenge would be to "discipline ourselves to keep on the question", which he conceded was extremely broad.
Meanwhile, the latest accounts for Whitbread revealed that Mr Jarvis's basic pay and bonus rose 7.9 per cent, to just under pounds 599,000 in the year to 1 March, but he also cashed in share options which netted him an additional profit of pounds 441,000. The indications from Downing Street are that Mr Jarvis may not now be in the running for the Low Pay job. His candidature has met with considerable hostility from trade union leaders.
- 1 The difference between a migrant and refugee, in one sentence
- 2 Miley Cyrus calls out hypocrisy of women’s nipples being taboo
- 3 Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
- 4 Watch the Supermoon live: How to see the brightest Moon of the year tonight
- 5 iPhone 5c to be discontinued, no iPhone 6c to replace it
Spain accused of 'provocation' after letting Russian submarine refuel off Gibraltar
The difference between a migrant and refugee, in one sentence
Allonautilus scrobiculatus: World's 'rarest' creature spotted for only the third time ever
Miley Cyrus calls out hypocrisy of women’s nipples being taboo
Bangkok Bomb: Thai police name Adem Karadag as suspect arrested over blast that killed 20
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Stock up on canned food for stock market crash, warns former Gordon Brown adviser
Labour leadership: Jeremy Corbyn voters most likely to believe 'world is controlled by a secretive elite'
£18000 - £30000 per annum: Recruitment Genius: A Sales Executive or Senior Sal...
£40000 - £55000 per annum: Recruitment Genius: This is an exciting opportunity...
£22000 per annum: Recruitment Genius: This industry leading company produces h...
£20000 - £40000 per annum: Recruitment Genius: This IT provider for the educat...