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Compass hits out at Alistair Darling over high pay commission

Left-leaning political pressure group Compass has hit out at Chancellor Alistair Darling who said he is “not persuaded” by the group’s calls for the formation of an independent pay watchdog.

On Monday Compass called for a high pay commission to “instigate a holistic and evidence-based investigation into the affects of excessive pay”, as well as come up with solutions to tackle it.

Compass says it will continue to campaign for a commission over the coming weeks and to persuade the government to take decisive action on high pay.

Compass general secretary Gavin Hayes says: “It is exceptionally disappointing that the Chancellor has attempted to close down the debate on excessive pay by making these comments in regards to a high pay commission.

“Particularly disappointing given the huge support for such a body and given the major role that greed and excess played in bringing down not just our banking system, but our entire economy.”

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