Earnings cap, spending, car hire and broadband

In a move that is guaranteed to stir up opinion, Jeremy Corbyn said this morning that he would like to see a cap on the amount that people earn.

Speaking on BBC Radio 4‘s Today programme, the Labour leader said he thought introducing the limit would be ‘the fairer thing to do’. He added that he was ‘not wedded to a figure’.

Corbyn went on to say that Britain’s disparate levels of income were worsening, saying this cannot go on ‘if we want to live in a more egalitarian society…I would like there to be some kind of high earnings cap, quite honestly’.

Spending The Guardian reports that UK retail sales continued to rise at the end of 2016 thanks to the December demand for Christmas presents and food. While the British Retail Consortium signalled that there are future challenges related to rising costs and political uncertainty, it confirmed that the economy ended 2016 on a firm footing.