CEOs pass milestone nine working hours earlier than last year, with pay up 39% on January 2022

The bosses of Britain’s biggest companies will have made more money in 2023 by Thursday afternoon than the average UK worker will earn in the entire year, according to analysis of vast pay gaps amid strike action and the cost of living crisis.

The High Pay Centre, a thinktank that campaigns for fairer pay for workers, said that by 2pm on the third working day of the year, a FTSE 100 chief executive will have been paid more on an hourly basis than a UK worker’s annual salary, based on median average remuneration figures for both groups.

Continue reading…

You May Also Like

International Monetary Fund to sound fresh alarm over inflation

Warning: IMF boss Kristalina Georgieva The outlook for interest rates will take centre…

Best cash Isas: Marcus Bank finally launches a tax-free savings account

Marcus Bank has livened up Isa season by announcing it will launch…

Soaring fuel bills may push 141m more into extreme poverty globally – study

Researchers say Russia’s invasion of Ukraine has driven up household energy costs…