British drivers see wages rise by 16 percent

British drivers see wages rise by 16 percent

EconomyAug 22 ’23 05:52Authors: ANP and BNR Webredactie

Pay for the bosses of Britain’s biggest companies rose by 16% last year, making their average earnings 118 times higher than that of a full-time British worker. This is the conclusion reached by the British think tank High Pay Center after research.

The researchers took a closer look at the salaries of senior men and women at Britain’s largest listed companies. They earned an average of £3.91m, which is equivalent to €4.6m. This is the highest amount since 2017 and half a million pounds more than it was in 2021.

Many British workers suffer from high inflation and can no longer pay their bills. Luke Hildyard, director of the Higher Wage Foundation, concludes, “At a time when many families are grappling with the cost of living, an economic model that prioritizes raising the salaries of already multi-millionaire executives is missing something, an economic model that prioritizes to raise wages by half a million pounds. center.

Also read | The British economy appears to be recovering, but “big problems” remain.

The rest of the economy is “only misery”

Last month, the economy appeared to be recovering somewhat on paper, with growth of 0.2 percent. Despite this, big problems remain in the UK. The growth figures are a good distraction for the UK government, because the rest of the economy is “just miserable”, according to reporter Leah van Beekhoven.

Pay for the bosses of Britain’s biggest companies rose by 16% last year, making their average earnings 118 times higher than that of a full-time British worker. This is the conclusion reached by the British think tank High Pay Center after research. (Nigel Tadianihundo)
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