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Miliband: Give unions pay roles
David Miliband, the favourite runner for the Labour Party leadership, has written a provocative blog post suggesting union leaders should be given seats on companies’ remuneration committees in a bid to curb excessive pay deals. Miliband, who is up against his brother Ed, Diane Abbott, Ed Balls and Andy Burnham for the top Labour job, said unions had a part to play in breaking up the “cartel-like” behaviour of groups of executives. “One of the roles of the state is to challenge market power where it dominates people,” Miliband wrote, saying recognised trade unions would be positive influences on pay committees.