Miliband: Give unions pay roles

David Miliband, the favourite runner for the Labour Party leadership, has written a provocative blog post suggesting union leaders should be given seats on companies’ remuneration committees in a bid to curb excessive pay deals. Miliband, who is up against his brother Ed, Diane Abbott, Ed Balls and Andy Burnham for the top Labour job, said unions had a part to play in breaking up the “cartel-like” behaviour of groups of executives. “One of the roles of the state is to challenge market power where it dominates people,” Miliband wrote, ­saying recognised trade unions would be positive influences on pay committees.