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Speech by Nick Clegg to Centre Forum and the City of London Corporation

Speech by Nick Clegg to Centre Forum and the City of London Corporation; Clegg Q&A SOT - re EXECUTIVE DIRECTORS ON PAY BOARDS OF OTHER COMPANIES: - That level of detail is what Vince Cable will announce next week - Intention is to stop this revolving door, you scratch my back I scratch yours - Culture seems to have disfigured role of remuneration committees - Vince will put you out of your misery next week - re INCENTIVES TO EMPLOYER TO SAY YES: - Need to look at a number of things - Striking lack of awareness there are a number of means by which employee share ownership can be advantageous - Might be because of its complexity - Looking at a simple off the peg model that everybody recognises, rather than different incentives - Tax system already offers certain incentives - Looking at a whole range of things - re GIVING ECONOMIC POWER TO MORE PEOPLE + SCOTTISH INDEPENDENCE: - Two things about this - (1) This govt is legislating on Scotland Bill to make biggest transfer of fiscal power from London to Edinburgh since the Union - Scottish govt will have control over a third of total revenues raised and spent in Scotland, rather than a tenth - Scot govt will have access to over 200m pounds more in capital spending ... - My party believes in home rule - Really important Scottish people should not be bamboozled into thinking it's either independence or nothing
Speech by Nick Clegg to Centre Forum and the City of London Corporation; Clegg Q&A SOT - re EXECUTIVE DIRECTORS ON PAY BOARDS OF OTHER COMPANIES: - That level of detail is what Vince Cable will announce next week - Intention is to stop this revolving door, you scratch my back I scratch yours - Culture seems to have disfigured role of remuneration committees - Vince will put you out of your misery next week - re INCENTIVES TO EMPLOYER TO SAY YES: - Need to look at a number of things - Striking lack of awareness there are a number of means by which employee share ownership can be advantageous - Might be because of its complexity - Looking at a simple off the peg model that everybody recognises, rather than different incentives - Tax system already offers certain incentives - Looking at a whole range of things - re GIVING ECONOMIC POWER TO MORE PEOPLE + SCOTTISH INDEPENDENCE: - Two things about this - (1) This govt is legislating on Scotland Bill to make biggest transfer of fiscal power from London to Edinburgh since the Union - Scottish govt will have control over a third of total revenues raised and spent in Scotland, rather than a tenth - Scot govt will have access to over 200m pounds more in capital spending ... - My party believes in home rule - Really important Scottish people should not be bamboozled into thinking it's either independence or nothing
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Credit:
ITN
Editorial #:
686063378
Collection:
ITN
Date created:
January 16, 2012
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License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:06:07:10
Location:
United Kingdom
Mastered to:
QuickTime 8-bit Photo-JPEG SD 720x576 25p
Originally shot on:
576 25i
Source:
ITN
Object name:
r16011205_53611.mov