House prices drop at fastest monthly rate since February 2021, reports Halifax, as surging mortgage costs hit sector
Pay restraint for thee, but not for me.
That’s the mantra in UK boardrooms, it seems, after top bosses enjoyed another year of strong earnings growth.
Many companies bounced back strongly as Covid-19 lockdowns ended, leading to an average CEO bonus of 86 per cent of the maximum available, up from 58 per cent last year and against a long term average of 70 to 75 per cent, according to PwC.
The higher bonuses took overall average pay up from pre-pandemic levels of £3.6mn in 2018-19 and £3.7mn for 2017-18.
