UK politicians have urged the chancellor to exclude businesses using tax havens from state aid, with a moratorium on dividends and curbs on CEO pay.
The return to work may be dominating discussion in the UK at the moment but some politicians are attempting to use corporate governance as criteria for managing aid to large companies. The MPs, mostly Labour but some Liberal Democrats and Scottish Nationalists, have called on the chancellor, Rishi Sunak, to exclude businesses using tax havens from state aid. They also want to see a moratorium on dividends and buybacks and curbs on excessive executive pay. The letter says: “Before the virus hit, working people had suffered a decade of cuts to public services and stagnating wages, and more than 14 million people were living in poverty. This crisis risks seriously exacerbating these inequalities. “This is why it is vital that econ