Danny Blanchflower, economist and former adviser to Jeremy Corbyn, condemns proposals from the Labour leader for a national ceiling on pay.
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.
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The real skill in risk management is not preventing past crises from recurring, but learning from them and identifying root causes to prevent them happening at all, explains Anthony Fitzsimmons of Reputability.