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.
Image: Mutual Interest Media
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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.
ADVERTISEMENT
Image: PixaHive
“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.
Three men jailed after armed robbery in Trafford left teenage boy with ‘serious injuries’
Emily Sergeant
Three men have been jailed after an armed robbery and stabbing left in Trafford left a teenage boy with ‘serious injuries’.
The incident in question occurred shortly after 3am on Sunday 27 November 2022, when a 15-year-old boy – the victim, who cannot be named for legal reasons – was at a cash machine on Upper Chorlton Road, in Trafford, and he noticed a black BMW drive past him, before making a U-turn and pulling up on the other side of the road.
As the boy set off on his scooter, the vehicle sped past him and cut him off.
Before he knew it, three men jumped out of the car and then proceeded to rob him at knifepoint – during which the boy was stabbed twice, and £120 was taken from him, before the offenders made off.
The 15-year-old was rushed to hospital, where he was required to undergo emergency surgery before being stabilised.
Police described the incident as an ‘unprovoked attack on a young boy’.
Following a thorough Greater Manchester Police (GMP) investigation, led by DC Marie-Louise Knight of Trafford CID, the offenders were identified as Callum Henson and Harry Jackson, both from Manchester, and Bailey Mann from Northampton.
Henson was sentenced to five years and six months for robbery and Section 20 assault, and Jackson was sentenced to four years and 10 months for Section 18 assault, while Mann was sentenced to three years in a young offenders institute for robbery, due to being under 18 years of age.
Speaking following the sentencing of the three men, DC Knight said: “I am grateful that [Henson, Jackson, and Mann] have now faced justice for their actions, not only for ourselves from an investigation side, but also for the victim and his family who were left shaken following this incident.
“These sentencings show that we will not tolerate this type of violent crime.
“Knife crime has no place on our streets, and we will do all that we can to make sure offenders are punished, and our communities are safe.”
Featured Image – Google Maps
News
Bolton man, 22, jailed after his ‘dangerous driving’ kills motorbike rider just days before Christmas
Emily Sergeant
A man from Bolton has been sentenced to more than a decade in jail after causing death by dangerous driving.
Cormac Sale, 22-years-old of Ina Avenue in Bolton, has been sentenced at Bolton Crown Court after pleading guilty to causing death by dangerous driving following a collision between a car and motorbike in Horwich, which saw another young man lose his life just days before Christmas (Saturday 14 December 2024).
At around 9:40pm that evening, Greater Manchester Police (GMP) were called out to an incident on Chorley Old Road in Bolton.
When they arrived, they found that a Skoda Fabia – belonging to Sale – had collided with a motorbike. Spencer Rothwell-Poole, also 22 and from Horwich, was riding the motorbike at the time and sadly died at the scene.
Following Sale’s arrest at the scene, further testing was conducted and he was found to be almost 10 times over the legal limit for ketamine whilst driving when the incident occurred.
Investigations by GMP’s Serious Collision Investigation Unit led to ‘significant evidence’ being obtained of Sale ‘driving erratically’ throughout the evening, as spotted by multiple other drivers and CCTV footage, and he was also driving on the opposite side of the road when the collision took place.
Sale has been sentenced to 10 years and eight months in prison, as well as being banned from driving for 12 years.
“This sentencing reflects the devastating consequences of choosing to drive recklessly and whilst under the influence,” commented Detective Constable James Maskrey, who is GMP’s Roads Police Lead Investigator.
“Nothing can undo the loss suffered by Spencer’s family, but it is our hope that this outcome offers some measure of justice.
“When someone gets behind the wheel under the influence of ketamine, they have no control of their own judgement or body, and even a moment where drivers are dissociated or unaware on the road can be fatal.
“This case is a stark reminder that dangerous driving destroys lives, and I want to reassure the public that our officers remain absolutely committed to tackling dangerous driving and removing those who pose a risk to our roads.”
Georgina Pellant -
3rd May 2022 
