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Brown tells FSA to name staff on £150k

Prime Minister Gordon Brown has called on regulators such as the FSA to name staff earning more than £150,000.

Speaking on Monday about measures to improve Whitehall efficiency, Brown said the Government will publish the number of staff in each salary band above £50,000 and will name all those earning over £150,000 in the civil service and other Government-controlled bodies. He called on regulators and other public bodies to do the same.

He said the Government would merge or abolish 123 quangos and the rest would be subject to greater oversight to save £500m a year.

The Treasury will have to approve all salaries over £150,000 and any bonuses over £50,000 before recruiting for senior positions. Salaries not directly under Government control will have to be justified publicly to the relevant Secretary of State.

Brown set out a further £12bn of spending cuts and said the senior civil service pay bill will be cut by up to 20 per cent over the next three years to save £100m a year.

He said some senior pay and perks packages have “lost touch with the reality of people’s lives”.

Brown said: “Organisations found to be squandering public funds on overgenerous salaries at the expense of services for people, will be named and shamed.

“To set a new culture of openness, for civil servants and other bodies under direct ministerial control, we will publish for the first time the numbers in each salary band above £50,000 and name all individuals earning more than £150,000. In the spirit of openness, accountability and responsibility, I would expect others – including publicly funded media and regulators – to do the same.”

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