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Deputy Prime Minister publishes proposals to curb "irresponsible and unjustifiable" the private sector pay rises

Nick Clegg, has pledged the government's repression of executive compensation, saying that the austerity in the public sector must be balanced with the salary increases curb "irresponsible and unjustifiable" in the private sector.

Deputy Prime Minister said ministers published proposals for the company next month, and the government was prepared to legislate if necessary, measures could include companies forcing workers sit on compensation committees set rate of pay for senior executives.

"As we have been quite difficult things are not sustainable and affordable in the public sector, we now have to be hard on the irresponsible and unjustified remuneration of senior executives in the private, "Clegg said in an interview with Andrew Marr BBC issue.

"I think we need to ensure that people in the public sector do not feel they are doing all the hard work that people in life that are felt by completely different rules in the private sector is held accountable. "

Clegg said he was not opposed to people who are well paid if they did. "What I hate people who are paid bucketloads of cash in difficult times, no," he said.

Clegg said Lord Hutton, the former Cabinet Minister of Labor, which conducted the review of the government on public sector pensions, says new figures showing that Britain is poorer than the previously thought meant pension cuts were even more critical than ever.

Hutton said Tuesday that the report of the Office of Fiscal Responsibility has shown that the assumptions underlying the Hutton report was published in March and was considered "too optimistic".

Hutton told the BBC:

"The earth below the estimates changed dramatically and I fear that in the wrong direction, then we can not be sure that the costs decrease over time and achieve a more sustainable balance. "

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"Shareholders should receive sufficient to say," he said. "They are business owners, after all. Too often, shareholders receive an avalanche of information that do not understand and then not have a link that says what leaders are paid. "

Second, firms may be forced to make workers' compensation committees. And third, they could be forced to disclose information about the gap between average income and higher income in your business.

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