On the 49th anniversary of the passage of The Equal Pay Act 1970 (Wednesday 29th May), The Equality Trust releases a groundbreaking report ‘From Pin Money to Fat Cats: Pay Inequality in the FTSE 100’, an analysis of the FTSE 100-owned companies on a sector-by-sector basis in terms of CEO pay ratios, gender pay gaps and gender bonus gaps.
Business and Economy
Analysis by The Equality Trust can, today, reveal that the richest 1,000 people in the UK have:
- Increased their wealth by £47.8 billion in the past year alone (2018 - 2019) 
- Increased their wealth by £253 billion in the past five years (2014 - 2019) 
- Increased their total wealth to the staggering sum of £771.3 billion, which is significantly more than the poorest 40% of households combined on £567 billion. 
Fat Cat Friday 2019:
Only Six FTSE CEOs are Women and they Earn 54% of the Salaries of Male Counterparts
Analysis from The Equality Trust shows that the six women CEOs  in the FTSE 100 earned on average (mean) £3,163,300 per year while their male counterparts earned £5,861,510. This translates to women CEOs earning just over half (54%) of their male counterparts.
Large private companies comprise a large and important sector of the UK economy, so we were pleased to make a submission to the FRC's consultation on the Wates Governance Principles. The conclusion of our submission reads as follows: