Yet it would be a mistake for the state to impose broad pay caps.
The spokesman said the cost of protecting the schools, health and police budgets would be covered by the government efficiency measures, public sector pay and pension caps and tax rises announced in the PBR.
With massive regulation, caps on pay and restrictions on risk and competition, we can turn the entire financial sector into a cross between a public utility and the DMV.
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Brian Strutton, from the GMB union, said Lord Hutton had not taken into account that caps on pay rises and job losses in the public sector meant the cost of pensions as a share of overall GDP would still fall despite the drop in economic output.
The NFL is a cartel that imposes hard caps on players' pay.
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Caps on bankers' pay, if they could be rigorously enforced, would probably have the effect of redistributing income from banks' employees to their shareholders.
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However, the Pittsburgh meeting produced no plan for general caps on the amount banks could pay out - something that some European governments wanted.
Costs and exclusions vary widely, as do caps on what the warranty company will pay.
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As I understand it, the pay-fors they put forward will require a change in the caps, a reduction in the caps agreed to in the Budget Control Act.
In California, say, they tend, as renters rather than homeowners, to be against Proposition 13, a law that caps property taxes, and instead to favour taxes that pay for better education.
Government should make credit card companies reduce their rates, and or put caps on interest paid back to them, so people can realistically pay off their debt.
Nevertheless, it announced then that it would suspend its data caps and start testing a new system that would allow heavy users to pay for more data.
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The mega-caps you have to buy on extreme weakness, unfortunately, because any time you pay up for them, they rarely have momentum.
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