So much for the trickle-down of wealth that is supposed to accrue from granting huge pay rises and salaries to the rich!To be fair, this is by and large correct though. When I get my 3.8% payrise this year (which is what we're being offered, and which presumably Sunak thinks is too much), then I will be spending ALL of it on things like food, gas and other essentials. Therefore - every extra penny I get will be injected back into the economy.
Whereas the multi-millions given to private sector CEO's will be squirreled away in investments or off-shore - thus contributing nothing to the UK overall economy at all.
There doesn't have to be a 'direct' statement to this effect. The inference is incredibly strong isn't it. Sunak is not warning everyone about the dangers of private sector COE pay is he? He's only highlighting the public sector - ergo, he is basically saying that 'pay rise for my mates is ok, but for you it isn't'.