A new survey showing huge pay gaps between UK bosses and their staff has found that thecountry’stop 350 company execs are being paid on average 53 times more than their mid-level counterparts.
A poll for the High Pay Centre shared exclusively with The Guardian found that huge salary gaps have become commonplace in large UK businesses and that the majority of Brits did not approve.
It comes as many up and down the country are facing the choice between heating and eating, as energy bills skyrocket and the value of UK pension and out-of-work benefits see the biggest fall in 50 years.
According to the new survey, 63% of workers believe that CEOs shouldn’t be earning more than 10 times that of their staff, and only 3% of people deem it acceptable for them to be paid over 50 times the company’s average wage.
In reality, research published by the same think tank in 2020 shows many top-level bosses are already being paid 50 times more – with some earning as much as 100 times their company’s median salary.
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High Pay Research conducted two years ago found a total of 43 bosses of FTSE 350 companies received more than 100 times as much as the average employee, whilst on average bosses are paid at least 53 times more.
It also found that on average an FTSE 100 chief executive makes more money in four days than an average UK worker will over the course of a year.
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Many respondents felt that policy measures aimed at distributing wealth more evenly could help to raise living standards for people across the UK.
Luke Hildyard, the director of the High Pay Centre, told The Guardian that the research revealed: “the extent to which the lives of those at the top and those of everybody else have become so far removed from each other”.
He added: “That’s probably not a healthy development.
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“Britain’s biggest employers dedicate a significant amount of their budget to the pay of a small number of top earners.
“Redirecting some of this money to low- and middle-income workers would be a good way to raise living standards and address the cost of living crisis but it will require policymakers and business leaders to be a bit more open-minded about whether those at the top really need to be paid so much.”
Frances O’Grady, the general secretary of the TUC, added: “The whole workforce deserves to share in the success of a firm, not just those in the boardroom. But over the years executive pay has raced ahead of other workers – and now it’s at stratospheric levels.
“It’s time to set a maximum ratio between the top earner in each firm and other workers. There should be workers on remuneration committees, to ground decisions in the interests of the whole workforce.
A young lad is walking all the way from Manchester to Ibiza for a truly tear-jerking cause
Danny Jones
We recently came across the story of a young man who has set himself the task of walking all the way from Manchester to Ibiza in an effort to raise money for a truly tear-jerking charitable cause.
In case you haven’t heard of him already, the legend responsible behind this is Henry Oscar Moores, a 21-year-old from Macclesfield in Cheshire who is essentially completing a marathon every single day to complete his voyage from rainy 0161 to sunny Spain.
Nearly halfway into his epic trek already, the youngster has been battling plenty of obstacles, not least heavy rain – and that was just here in Greater Manchester…
Going live each day as thousands of followers tune in to support his latest steps, his real-world journey has sparked a wholesome new community online and we’ve got nothing but the utmost respect.
It’s set to take him around 60 days in total, all being well, but what exactly is Henry Moores doing all this for? Or rather who?
Well, the answer is as heartwarming as it is heartbreaking, as the ‘Henry Walk’ from Manchester to Ibiza is all in aid of the Tony Hudgell Foundation, a charity set up in honour of the now nine-year-old boy of the same name and the youngest ever Pride of Britain winner.
Hudgell was sadly the victim of horrific child abuse ever since he was a toddler, so much so that he had to have both of his legs amputated as a result of the treatment. In 2020, when he was still just five, Tony set out to raise £500 by walking 10k in his prosthetic legs. He ended up amassing £1.8m. Incredible.
With a non-profit officially registered in his name since 2021, the organisation aims to provide support to children affected by physical, emotional or psychological abuse. His story also helped usher in Tony’s Law. Now taking over the reins, Henry is pounding the pavement on his behalf – and smashing it.
He’s even been given an added incentive by Ibiza’s Ocean Beach owner, Wayne Lineker.
Promising to help Henry finish the walk if he makes it all the way to his final 30k leg in Ibiza Town to the famous club – he’s already polished off the 507km from Manchester to Portsmouth and is currently chipping away at the 1818km stint from Caen in France to Denia – Lineker and the likes of radio DJ Charlie Sloth have been backing the effort since day one.
Describing Tony as an inspirational young figure “who captures hearts with his bravery, optimism, and infectious smile”, even despite his daily struggle and constant treatment, we can’t overstate the admiration we have for both of them. He’s already smashed his initial £20k and just keeps going.
“We really appreciate any donations; we know times are tough. Don’t hesitate if you can’t donate; continue to share and support us in any other way. Thanks to everyone for the past couple of weeks; it’s been insane.” You can do your bit by donating HERE or to Tony Hudgell’s operation fund directly.
Featured Images — Henry Moores (via Instagram)/JustGiving
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Bolton has been named the ‘mouldiest’ place in the UK
Emily Sergeant
Bolton has been named the ‘mouldiest’ place in the UK, and it’s joined by two other Greater Manchester towns in the top 10.
Talk about a not-so-coveted title, right?
From damp flats to poorly-ventilated houses, the battle against mould seems to be constant for many UK residents, and while Awaab’s Law – which was named in memory of Rochdale toddler, Awaab Ishak, and introduced back in 2023 – was brought in to tackle this very problem, by mandating faster response times from social housing landlords for dealing with damp-related issues, the problem still continues for homeowners and tenants alike despite this new legislation.
And now, some new research by thermal imaging experts at Tester has revealed where the ‘mouldiest’ places to live in the UK are.
Tester measured the average monthly search volume for various mould-related terms over the past 12 months – including ‘mould removal cost’, and ‘black mould removal’ – to figure out where the mouldiest places in the country are, and devise a top 10 list.
Bolton takes the title of the UK’s mouldiest place, according to the new research, with an average monthly search volume for mould-related terms of 945 per 100,000 people, and ‘magic mould’ being the most-searched term as residents seem eager to find a simple solution to their ever-growing mould problems.
Top 10 ‘mouldiest’ places in the UK
Bolton
Croydon
Manchester
Bath
Bristol
Lincoln
Bournemouth
Norwich
Stockport
Wakefield
Manchester places third on the list, with an average monthly search volume of 922 per 100,000 people, and Stockport also features in the less-than-ideal top 10 at number nine.
Croydon in London claims the runner-up spot on the list, while Bath and Bristol round out the top five alongside Manchester, and Lincoln, Norwich, and Wakefield are some of the other areas to make up the top 10.
A spokesperson for Tester admitted that the surge in searches for mould-related terms in the UK is “worrying to say the least”.
Speaking on the findings from the team’s new research, they continued in a statement: “The study shows that UK residents are actively seeking out mould removal solutions, pointing to a wider problem of mould and mildew growth in homes not being properly dealt with, either by landlords or homeowners themselves.”