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Being rich 'should be celebrated' | Being rich 'should be celebrated' |
(about 4 hours later) | |
The UK should "celebrate the fact that people can be enormously successful in this country", Business Secretary John Hutton is expected to say. | |
In a speech he will argue that "more millionaires" are needed, calling freedom to get rich "a good thing". | In a speech he will argue that "more millionaires" are needed, calling freedom to get rich "a good thing". |
The goal that "no-one should be left behind" must not allow a "stultifying sense that no-one should be allowed to get ahead", Mr Hutton will say. | The goal that "no-one should be left behind" must not allow a "stultifying sense that no-one should be allowed to get ahead", Mr Hutton will say. |
His Progress lecture in London comes on the eve of Alistair's Darling's Budget. | His Progress lecture in London comes on the eve of Alistair's Darling's Budget. |
'Fundamental' | 'Fundamental' |
It will be seen as an attempt to woo the business community, whose support is increasingly being fought over by Labour and the Conservatives. | It will be seen as an attempt to woo the business community, whose support is increasingly being fought over by Labour and the Conservatives. |
Firms are putting pressure on the government to reduce the rate of corporation tax and simplify the system. | Firms are putting pressure on the government to reduce the rate of corporation tax and simplify the system. |
But trade unions argue that this would shift the taxation burden from the "super-rich" to ordinary earners. | But trade unions argue that this would shift the taxation burden from the "super-rich" to ordinary earners. |
Mr Hutton will say Labour's commitment to business is "fundamental", adding that it is important "to recognise that aspiration and ambition are natural human emotions - not the perverted side effect of primitive capitalism". | Mr Hutton will say Labour's commitment to business is "fundamental", adding that it is important "to recognise that aspiration and ambition are natural human emotions - not the perverted side effect of primitive capitalism". |
Defeating poverty will rely on allowing people to "be the authors of their own lives", he will add. | Defeating poverty will rely on allowing people to "be the authors of their own lives", he will add. |
"It is statistically possible to have a society where no child lives in a family whose income is below the poverty line - 60% of median average income - but where there are also people at the top who are very wealthy. | "It is statistically possible to have a society where no child lives in a family whose income is below the poverty line - 60% of median average income - but where there are also people at the top who are very wealthy. |
"In fact, not only is it statistically possible - it is positively a good thing. | "In fact, not only is it statistically possible - it is positively a good thing. |
"So rather than questioning whether high salaries are morally justified, we should celebrate the fact that people can be enormously successful in this country. | "So rather than questioning whether high salaries are morally justified, we should celebrate the fact that people can be enormously successful in this country. |
"Rather than placing a cap on that success, we should be questioning why it is not available to more people. | "Rather than placing a cap on that success, we should be questioning why it is not available to more people. |
"We want more millionaires in Britain not less. Our overarching goal that no-one should get left behind must not become translated into a stultifying sense that no-one should be allowed to get ahead." | "We want more millionaires in Britain not less. Our overarching goal that no-one should get left behind must not become translated into a stultifying sense that no-one should be allowed to get ahead." |