Employers at Britain’s biggest companies saw their wages rise by 16% last year, earning on average 118 times more than the rest of Britons, whose incomes are being eaten up by inflation, according to a study published on Tuesday.
According to the think tank The High Pay Centre, CEOs of companies in the FTSE 100, the flagship index of the London Stock Exchange, have seen their salaries increase by an average of 500,000 pounds (586,000 euros) in 2022, passing the average salary of 3.38 million pounds in 2021 to 3.91 last year.
An average salary of £3.9 million a year
According to the study, the gap between business leaders and employees has widened: the median salary of big bosses is now 118 times greater than the median salary of a full-time worker in the country, up from 108 times in 2021. Pascal, director AstraZeneca laboratory executive Soriot is the highest-paid business leader in the FTSE 100, earning a salary of £15.3m last year.
For TUC union general secretary Paul Nowak, it is a sign that the UK has become “a land of grotesque extremes”.
Last week Britain’s Office for National Statistics (ONS) reported that British wages were still rising more slowly than inflation. According to the ONS, wages increased by 7.8% in one year (on average during the months of April, May and June 2023 compared to the same period in 2022), but actually decreased by 0.6% in terms reais, once inflation is controlled. Keeping in mind.
Source: BFM TV
