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.
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.
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.
“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.
Police arrest four men and shut down ‘incredibly dangerous’ cannabis farm in Salford
Police have shut down a suspected cannabis farm in Salford today, arresting four men.
Officers swooped on the property on Arthur Street in Swinton after finding evidence that the house was being used to grow cannabis plants.
The farm has been described as ‘incredibly dangerous’ to other occupants in the area.
Three rooms in the house were full of plants growing, with a huge amount of wiring surrounding them that posed a fire hazard.
The four men detained by Greater Manchester Police (GMP) Salford Neighbourhood Team were subsequently arrested on suspicion of involvement in the production and supply of cannabis and remain in police custody for questioning.
Sergeant Peter MacFarlane said: “Locating a cannabis farm is a great result for the team who are gathering intelligence and working hard to crackdown on drug-related crime across Salford.
“Farms of this nature are also incredibly dangerous to other occupants in the area. The building itself is still being made safe due to the amount of wiring around the plants. Criminals running these types of enterprises have no regard for public safety and in these conditions, an electrical fault from bad wiring could easily start a fire and endanger lives.
“The arrests and seizures then go someway towards disrupting the supply of illegal drugs and the criminality that comes with it, and will also make our communities safer.
“This operation was intelligence led and a huge part of our intelligence comes from members of the public sharing information with us. If you have suspicions about a crime taking place please report it so we can take positive action and bring those responsible to justice.”
You can make a report by calling 101 or 999 in an emergency. You can also report via the LiveChat function on GMP’s website: www.gmp.police.uk
Alternatively you can contact the independent charity Crimestoppers anonymously on 0800 555 111.
Featured image: GMP
‘Groundbreaking’ new app to help get homeless people into work launches in Manchester
Homeless families across Manchester are set to benefit from a “groundbreaking” new service that gives them access to employment support.
With the ultimate aim of helping homeless people move out of temporary accommodation and into their own homes, Manchester City Council has announced a new pilot partnership with Beam – a social enterprise that fundraises on behalf of homeless people and connects them with a supportive online community.
Through Beam’s “innovative” app-based platform, homeless people can raise money for items that often end up being financial obstacles to them moving into a permanent home, whether than be funding equipment or training to help them secure stable and financially-viable employment, or towards a rental deposit, moving van, or other homeware essentials, and everything in between.
Donations come from people in the local community, and are shared out equally between participants, so that everyone reaches their fundraising target within an average of 17 days.
Having helped more than 1,300 homeless people “achieve their goals” since being founded in 2017, Beam isn’t just about funding, as it also has a team of caseworkers who provide one-to-one help with employment to those in need.
The caseworkers also lend a hand with searching for properties online, communicating with landlords, and booking house viewings, while Beam also works with a network of vetted landlords to help people find a home
The initiative also provides further support for at least six months after moving.
Over the next year, Manchester City Council says its pilot partnership with Beam will initially support 25 families who are living in temporary accommodation in the region, and move them into their own private rental homes.
Residents can be referred to the scheme by the Council’s housing teams, as well as other local services, and each person is assigned a caseworker from Beam, who then supports them on their journey into stable housing.
“No one chooses homelessness voluntarily,” admitted Councillor Joanna Midgley, Deputy Leader of Manchester City Council.
“And when it happens, it can be devastating, which is why we are looking at a range of solutions to help people secure affordable and decent homes in Manchester.
“Our new partnership with Beam is an innovative approach to improve people’s life chances, supporting them, where possible, into sustainable jobs allowing them to move out of temporary accommodation and into their own homes.