Displaying items by tag: TUC

The bosses of Britain’s biggest companies will have made more money in 2023 by Thursday afternoon than the average UK worker will earn in the entire year. TUC’s Paul Nowak called on the Government to ‘bring back some fairness on pay’. ‘Everyone deserves a fair day’s pay for a fair day’s work. But working people are told not to ask for more. FTSE 100 chief executives are paid £3.4m on average, which is 103 times the £33,000 average full time worker’s salary. The figures highlight how executive pay has increased dramatically after a dip during the pandemic, while ordinary workers are struggling to secure pay rises anywhere near inflation. Workers should have seats on executive pay committees to bring some common sense to top pay. And ministers must set out plans for fair pay for everyone, starting by agreeing to pay negotiations in the public sector.’