Unions contrast high pay with wider income squeeze as analysis reveals symbolic 9am moment
The bosses of Britain’s biggest companies will have made more money in 2022 by breakfast time on Friday than the average UK worker will earn in the entire year, according to analysis of the vast gap in pay between FTSE 100 chief executives and everyone else.
The High Pay Centre, a thinktank that campaigns for fairer pay for workers, said that by 9am on 7 January, the fourth working day of the year, a FTSE 100 chief executive will have been paid more on an hourly basis than the UK worker’s annual salary, based on median average remuneration figures for both groups.
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