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 look...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
