Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what plans he has to regulate pay rises for managers of large companies.

The government’s role should be to ensure the legal and institutional framework supports shareholders in holding executives to account. To further this goal, the government recently unveiled a series of measures to increase accountability and transparency in the setting of corporate pay. Including a register of firms where shareholders have significantly dissented against the level of corporate pay. Also, the government recently announced its plan to modernise the corporate governance framework, which will include requiring public companies to publish ratios of the difference in pay between the CEO and the average worker.