“If we want to live in a more egalitarian society and fund our public services, we cannot go on creating worse levels of inequality,” he said. Speaking now to media Mr Corbyn said a wage cap would be “somewhat higher” than his salary of approximately £138,000, adding that the salaries some footballers receive were “simply ridiculous”. His argumentation determined various declarations of relevant persons who positioned at different angles. Shadow Chancellor John McDonnell suggested Labour would use the tax system to encourage companies to introduce pay caps, potentially exempting compliant businesses from increases in corporation tax. UKIP leader Paul Nuttall said a cap on earnings would amount to the “politics of envy” and would see the “best people” in the City moving abroad. Edwin Morgan, from the Institute of Directors, conceded that firms needed to listen to public and political concerns and “moderate” their pay awards but said a pay cap was a “blunt tool”.