§ Mr. Llew Smith
To ask the Prime Minister if he will make a statement on the progress made to date in his policy of encouraging company directors to voluntarily keep their wages and other remunerations at levels that do not promote wage inflation.
§ The Prime Minister
[holding answer 15 January 1993]: As I have previously made clear, pay in the private sector is a matter for the private sector to determine. However, I am encouraged by evidence that average boardroom pay increases are now falling to more realistic levels.