A former adviser to Labour party leader Jeremy Corbyn has criticised his proposed cap on high wages as “lunatic”.
Danny Blanchflower, an economist and former member of the Bank of England’s monetary policy committee, tweeted: “Corbyn max wage lunatic idea would generate a huge brain drain as star people move abroad shows how out of touch he is.”
Corbyn revealed the proposed policy on the Today programme on BBC Radio 4 on Tuesday this week. However, later statements appeared to indicate he was rowing back on the statement.
Blanchflower is a labour economist and currently a professor at Dartmouth College, New Hampshire in the US.
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