Lord Hutton set out his proposals to reform public sector pensions yesterday. It came across to me as a pragmatic solution that skilfully balances political and economic pressures. What I don’t see, however, are the principles that Lord Hutton has used to reach his conclusions.

Thomas Jefferson, the 3rd president of the USA once said, “In matters of style, swim with the current; in matters of principle, stand like a rock.” Pragmatism is fine, but pragmatism without principles can lead to incoherent and ineffective decisions and strategies.

What are the granite principles that you use to “stand like a rock”? And how do they drive your decisions?

© Stuart Cross 2011. All rights reserved.