Latest editorial
Pascal Soriot, chief executive officer of Astrazeneca Plc (pictured here in China in 2018) was the highest-earning chief executive, making £15.45m last year
Cabinet Office sets out plan for bringing services like cleaning and security back in-house
THE GMB union warned that “massive inequalities” are blighting British society yesterday after it was revealed that top bosses earn more in a year than average workers do in a lifetime.
According to analysis from the High Pay Centre (HPC) think tank, the median pay of chief executives in FTSE-100 firms was £2.69 million last year — a staggering 86 times the average full-time wage.
This was despite wages for the highest earners slumping by 17 per cent as the Covid-19 pandemic hit in spring 2020. The average bonus size also fell from £1.1m in 2019 to £828,000 last year, the think tank said.
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
This strike is about pay and conditions, says CAMERON HARRISON – but it also shows workers have the power to disrupt the mightiest war machine on Earth
