Pressure group urges a High Pay Commission

Compass - the left leaning pressure group - is urging the government to establish a High Pay Commission to curb excessive pay, "to review top pay and look at measures to ensure excessive pay can't damage the economy again".

It's an interesting proposal - but we can't help thinking that the law of unintended consequences might apply if a government ever did think to tread this path. It's easy to think in terms of pinstriped "fat cats", but it would, presumably, apply equally to footballers. If clubs could only pay up to £100,000 a year, all our sporting talent would ply their trade elsewhere, and talent from overseas would stay there. Hey presto! The Premiership would end up at a level somewhere between the Blue Square Premier League and the Isthmian League (look them up), which we're pretty sure no-one would want to watch. And where would all that lovely tax revenue have to come from then?

Anyway, if there was an easy answer, we're pretty sure someone would have come up with it by now - but you can read the Compass statement here, along with some interesting follow up comments from readers online.