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COMPANY bosses have bagged huge pay rises as workers face continued wage cuts and stagnation, according to research by a leading think tank published today.
A study of annual reports from FTSE100 companies by the High Pay Centre reveals that the average take-home pay for a chief executive jumped by 10 per cent from £4.96 million in 2014 to £5.48 million last year.
The research also shows that, on average, chief executives were paid an astonishing 140 times more than their staff.
Outsourcing is at the heart of inequality. Only collective unity in the trade union movement can topple the Establishment’s obsession with it, says SAM GURNEY
It is only trade union power at work that will materially improve the lot of working people as a class but without sector-wide collective bargaining and a right to take sympathetic strike action, we are hamstrung in the fight to tilt back the balance of power, argues ADRIAN WEIR
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