Business and Economy

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.

Equality Trust Responds To Budget 2017

The Chancellor, today, delivered a budget which unveiled some targeted spending and reforms addressing the immediate pressing issues of the NHS, Universal Credit and housing. Any good news, however, was rather overshadowed by the bad news on productivity and economic growth. It seems clear that the UK is not going to be able to deliver progress on economic and social inequality - and our shaming levels of poverty - by efficiency and growth alone. Dr Wanda Wyporska, Executive Director of The Equality Trust commented:

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