A new survey has found that some eye-poppingly huge pay gaps exist between the average UK worker and the top executives at a number of the country's biggest companies.
Research shows that bosses of the UK's top 350 FTSE companies are being paid, on average, at least 53 times more a year than their mid-level colleagues
What's more, some UK bosses are earning as much as 100 times more than their average employee, reports The Manc.
Image: Mutual Interest Media
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.
On average, these bosses are paid at least 53 times more.
Research 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.
"And incentive schemes should be open to all workers on the same terms, instead of just giving big bonuses to executives.”
Feature image -Wikimedia Commons
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Even MORE padel courts are coming to a former film studio in Leeds city centre
It's looking like the whole of Leeds might turn into padel courts before we know it.
The padel craze is well and truly thriving, because over the past few months we've had not one, not two, but THREE new padel courts being announced in the city.
We're not quite sure why, but something about that little racket and ball is really getting the people going - and we love to see it.
So, the next lot of padel courts is set to move into the part of a former film studio on Whitehall Road.
If granted permission by Leeds City Council, eight padel courts will be created at the Versa Studios site in Holbeck, along with an onsite cafe and bar.
Council planners have said the new development would boost access to sports facilities and create jobs in the local area.
The report said: “The development will generate around 15 new jobs, contribute to the local economy and create wider spin-off benefits for the city centre fringe.
“It will also deliver important social and health benefits, encouraging more people to participate in sport and promoting an active lifestyle within an inclusive and accessible setting.”
A design report by Quantam Padel said new courts were needed to meet the ongoing growing demand for the sport, and we can believe that.
It said: "The proposal aims to deliver a high quality padel tennis centre.
“Padel tennis is more accessible to those whose level of fitness, agility or skill make conventional tennis or squash overly challenging and difficult to play.”
So, what do you make of this? Can there be one padel court too many?
Sheffield’s Peddler Market to relaunch as FREE monthly mini music festival
Clementine Hall
Peddler’s 13th year marks a bold new direction for the free monthly event.
Peddler Market began its life 12 years ago as a street food night market with a sprinkling of live music and DJs.
Now that they're synonymous with bringing some of the best street food the UK has to offer to Sheffield, the organisers are now heading in a new direction.
Peddler will now offer a five-stage monthly music festival, spread across their Kelham Island footprint - maintaining its ‘free entry’ ethos for customers.
Image: Supplied
But don't worry, food will still be a key component all whilst increasing their to platform some of the best local promoters, record shops, DJs and bands across Sheffield.
But now, they're bringing five stages to Peddler, working with some of the best up and coming and well established promoters in and across the city.
“Twelve years ago, we filled a gap that Sheffield really needed,” Jordan Roberts - owner, says. “Since then, it’s nourished this huge gastronomic change within the city. Now there’s food halls and street food everywhere, which is great because people have choice – at peddler amazing street food is a given but now you can expect much more”
Image: Supplied
"I wanted to create a labyrinth of exploration like that you find at a proper festival, tread the zones, sample the delights and find your vibe. It’s like a little mini festival,” Jordan says.
“With Tramlines and We Out Here being huge inspiration for the next gen development. There’s a car park stage, the inside main stage, a courtyard stage, the factory floor and activities happening in the basement underneath too,” Jordan explains. “Bands, DJs, the whole thing.”
Image: Supplied
“We’ve always been a street food event with two music stages,” he explains. “Now we’re excited to bring five stages, working with some of the best up and coming and well established promoters in and across the city. After more than 100 Peddler Markets where we’ve always hosted a free entry gig.
"We’ll still host our street food partners, who love seeing all the Sheffield foodies. However, the changing music line up will help you ‘save the date’ making each month even more unmissable”
The first edition of the reformatted Peddler lands on the usual first Friday and Saturday of the month on 5-6 June and promises a sprawling, multi-space experience inspired as much by classic city festivals as warehouse parties and independent culture.
Georgina Pellant -
4th May 2022 
