Hutton Review of Fair Pay in the Public Sector
The Prime Minister and Chancellor have commissioned Will Hutton to investigate public sector pay scales, and make recommendations on how to ensure that no public sector manager can earn more than twenty times the lowest paid person in the organisation.
Independent Commission on Banking The Chancellor has invited Sir John Vickers to chair the Independent Commission on Banking. The Commission will look at the structure of UK banking and the state of competition in the industry. Recommendations will be made around larger structural reform, such as the separation of retail and investment banking activities, as well as smaller, non-structural measures that promote stability and competition for the benefit of consumers and businesses.
Independent Public Service Pension Commission
The Chancellor invited John Hutton to chair the independent Public Service Pensions Commission. The Commission undertook a fundamental structural review of public service pension provision.