Business and Economy

A Nation of Ferraris and Foodbanks - UK Rich Increase Wealth by £253 Billion Over Five Years

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) [1]
  • Increased their wealth by £253 billion in the past five years (2014 - 2019) [2]
  • 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. [3]

Fat Cat Friday 2019: Only Six FTSE CEOs are Women and they Earn 54% of the Salaries of Male Counterparts

 

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 [1] 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.

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.

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