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Business and Economy

Ensure legislation on pay ratios is backed by action to reduce income inequality, says The Equality Trust

Commenting on the BEIS announcement on corporate governance and pay ratios, Dr Wanda Wyporska, Executive Director of The Equality Trust said:

“Legislation forcing companies to publish their pay ratios is long overdue, given that a FTSE 100 CEO now earns an average (median) annual pay of £3.45 million [1], per year, a staggering 242 times more than that of a minimum wage worker.

Fat Cat Thursday - UK's Top Bosses 'Earn' 242 times the Minimum Wage Worker's Annual Salary

UK's Top Bosses 'Earn' 242 times the Minimum Wage Worker's Annual Salary

A FTSE 100 CEO now earns an average (median) annual pay of £3.45 million[1], per year, which is 242 times more than that of a minimum wage worker. Top bosses' pay will have surpassed the annual salary of a minimum wage worker on Thursday 4th January.

Analysis by The Equality Trust found the average pay for a FTSE 100 CEO is:

●       108 times more than a nurse’s.

●       91 times more than a teacher’s.

●       84 times more than a police officer’s.

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