Alright for some

2.51.15pm BST (GMT +0100) Sun 5th Jul 2009

Headline on the front page of today's Observer: ' Pay freeze threat to all public workers'. The small print doesn't say whether this will apply to those on the top of the pyramid as well as the worker ants at the bottom but it's a fair bet excuses will be found along the lines of 'need to attract the best talent' so that the 'haves' are exempted from pain. For proof look at the £9.6m pay package for the new RBS chief . Apparently this is justified by the challenge of the job. David Schwartz, writing in the Financial Times says " Funny that, I thought he was paid £1.2million a year [the basic salary] precisely to handle a challenging job. The RBS Board appears to believe £ 1.2m merely encourages [him] to turn up for work each day. Getting him to act costs extra" It is truly extraordinary that this supine Government, who now own this catastrophe of a bank with our money, are allowing this to happen. And don't think a Conservative Government would redress this kind of situation.