Pay gap widens as UK bosses get 130 times average worker’s salary

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The bosses of Britain’s largest listed companies received record pay last year, fuelling the widest earnings gap with workers in eight years. Median pay for FTSE 100 chief executives hit £5.06m in the last financial year, according to data released by the High Pay Centre, an 8.6% increase on £4.66m the previous year and the highest level on record. Executive remuneration has been rising steadily since the pandemic, when CEOs took pay and bonus cuts as the lockdowns affected business performance. Analysis found that listed company bosses are now paid 130 times the salary of the average full-time UK worker, up from 124 times in the previous financial year. It…

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