BRITAIN’S fat cats rubbed their grubby paws together with glee yesterday afternoon, having already pocketed more than the average yearly salary of £27,645.
The High Pay Centre said that bosses returning to their jobs in the new year had already stuffed more into their trousers than what half of Britain’s workers have to toil for all year.
The heads of FTSE 100 firms make off with £4.96 million a year on average. Even if you generously assume that they take few days off, work weekends and put in 12-hour shifts, it equates to a staggering £1,200 an hour.
This follows FTSE 100 bosses’ pay increasing by 50 per cent of salary over the past year, while for the average worker the rise is just £445 — less than 2 per cent.
TUC general secretary Frances O’Grady said: “Every worker deserves a fair share of the wealth they help create. But the average weekly wage is still worth £40 a week less than before the financial crisis.”