15 Aug 2018

Executive pay rising faster than rest of workforce

£5.7m – that’s the average top boss’s pay packet in the UK, and the average employee would have to work for 195 years to earn it. It’s a disparity that’s getting worse, according to new figures which show pay for chief executives at Britain’s FTSE 100 companies has soared by 11 per cent, vastly outstripping the ordinary workforce. Critics want the government to take action, saying excessive pay undermines public trust in business. Or is it just the market rewarding bosses with what they’re worth?