Public Pay for Private Work? Issues from bank ‘nationalisation’

I’ve been asked to post this important ‘think piece’ by a group of World Bank and OECD officials about the issues concerning the pay of private sector managers of banks and other institutions that have been effectively nationalised.

There is also an on-line survey that the authors would like completed Link to on-line survey.

Please pass this on to anyone you think might be interested and be willing to complete their questionnaire. Continue reading

Government bails out “Private” Finance Initiative

The old joke that consultants borrow your watch and then charge you if you want to be told the time has finally come true. The UK Treasury has announced it will step in to provide the finance for £8bn worth of PFI (private finance initiative) deals this year, as other sources of finance dry up (see Nick Timmins in the FT today). Continue reading