Ministers have blocked the approval of a £240,000 salary for the head of the
city’s Audit Commission, declaring the time of highly paid public chief
executives is over.
The commission wants to replace Steve Bundred, a former Labour politician,
according to the Daily Mail.
Bundred earned £254,000 in 2008 according to the paper.
Communities Secretary Eric Pickles rejected the salary. He said said the era
of “spiralling level of pay and perks for town hall bosses” had to end.
“By blocking this massive salary for the Audit Commission, I want to send a
signal to councils across the country that they too can stop paying ridiculous
sums to chief executives…Councillors should have the confidence to set sensible
salaries that the public deem fit and proper.”
Quango ordered to cut £240,000 salary for top job
Audit Commission freezes fraud charges
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up