The TUC has put directors pay on the agenda again after noting the growth rate in income differntials are speeding up, reports The Times .
According to its figures, directors who earned £100 in 2000 now earn £205 ex-inflation, but employees have only moved from £100 to £106 on a similar basis.
The numbers are based on analysis of official pay figures.
With the City looking at doling out a record £9bn in bonuses this season, the TUC's general secretary Brendan Barber says the issue should be of concern to middle-income earners too, not least because a large chunk of those bonuses will go into the housing market, making it increasingly unaffordable for those on average incomes.
Looking ahead, The Times notes unions are looking to secure a 5% or £1,000 pay rise for some 1.5 million council workers in the face of government attempts to limit public sector pay increases to 2%.
THE FRENCH have firmly turned against the euro, according to a latest poll on the issue, reports the Telegraph.
Picking up on a theme it has reported previously, the paper says 52% of those surveyed by TNS Sofres for the Le Pelerin newspaper saw the currency as a "bad thing", which caused inflation and unemployment.
There is a significant split between blue and white collar workers, the survey also finds, with 71% of blue collar workers stating the euro has hurt them personally.
A quarter of French people still think exclusively in francs when shopping.
The Telegraph says one result of adopting the currency and linking the French and German economies is a 20% rise in relative labour costs, which is now forcing French car makers to lay off thousands.
However, the paper admits most market watchers are still discounting the rhetoric in France, which is tied into the upcoming presidential elections in May 2007.
In particular, The FT reports the euro is soon set to overtake the dollar as the world's favourite currency in terms of the value of cash in circulation.
Slovenia is set to become the 13th country to join the monetary union in January, some five years after the euro came into everyday use.
The euro does not threaten the dollar's position as a foreign reserve currency held by other governments, but it is taking ground there too, the paper says.
BETTER LATE THAN never may be the view of many with news reported in The Times of the Bush administration's move to put the Polar Bear on the US endangered species list, which triggers mandatory legal safeguards, and which could trigger a rethink on carbon dioxide emissions in that country.
By agreeing the animal's habitat is literally melting away, the administration will be forced to take action against whatever it is that is endangering that habitat, hence environmentalists believe it marks a new tack in the official view on global warming.
Some scientists believe the Arctic could be ice free in 80 years, because as an area it is experiencing more rapid effects of global warming than elsewhere.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Jonathan Boyd on 020 7484 9769 or email [email protected].IFAonline
First mentioned in Cridland Report
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