‘Don’t they know that this is meant to be austerity Britain?’ said TUC general secretary Brendan Barber
Graeme Wearden
Guardian
Britain’s bosses have been accused of ignoring economic reality after boardroom pay leapt by 55% over the last year.
FTSE 100 directors saw their total earnings soar in the 12 months to June, thanks to sharp rises in bonuses and performance-related pay. The average FTSE 100 chief executive now earns £4.9m a year, or almost 200 times the average wage.
Unions reacted angrily to the report today. “Don’t they know that this is meant to be austerity Britain?” said TUC general secretary Brendan Barber.
“These mega-pay rises blow away any claim that we are all in this together. While the poor and those on middle incomes lose out from cuts and pay squeezes, top directors continue to take home telephone number salaries without being overly troubled by tax,” Barber added.
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