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
News
A huge football fan zone with space for up to 1,000 fans has opened in Leeds
Trinity Leeds is transforming Trinity Kitchen into the ultimate space to watch all the World Cup 2026 action together.
Looking for somewhere to cheer on England in the 2026 World Cup? Don’t fret, we’ve got you covered.
Foodie hotspot Trinity Kitchen has been completely transformed into the ultimate fan zone with space for up to 1,000 cheering fans.
And they’ve made sure that nobody misses out on the action.
There are three super-sized 5x3m screens dotted around the space, so wherever you go you won’t miss out on a goal.
Images: The Hoot Leeds
There’s also a brand-new bar courtesy of local favourites Northern Monk named the ‘Northern Monk Trinity Tap’.
The tap will feature two, seven-metre bars with a whopping 20 beer taps to keep you refreshed and hydrated during the tournament, because cheering the lads on really can be thirsty work.
If you don’t fancy a beer there’s also cocktails, wine and soft drinks on offer as well - so nobody has to miss out.
Images: The Hoot Leeds
Feeling peckish? Of course there’s 11 street food vendors serving match day meals and snacks to keep you fuelled through the games.
Choose from Caribbean jerk chicken from Jerk Junction, Indian street food from Rolawala and loads more.
Entry is completely free but if you’re after a reserved seat on a table, tickets cost just £10.
Images: The Hoot Leeds
Josie Towning, Food and Beverage Manager at Trinity Leeds, said: “Trinity Kitchen will operate as normal during the day, transforming into a football fan zone in the evening.
“It will be one of the biggest World Cup venues in Leeds with three huge screens showing the games live and more dotted around Trinity Kitchen. There will be live roaming brass bands and DJs turning every England fixture into a true celebration.
“Fans can turn up and grab a space for free and we will also be offering table bookings for England games for those who want to guarantee the best spots to watch the drama unfold.
“Our line-up of street food vendors will serve bold flavours from around the world, while the all-new Northern Monk Trinity Tap will pour award-winning craft beers across 20 taps, making Trinity Kitchen the ultimate place to eat, drink and experience every unforgettable World Cup moment."
It’s all kicking off on Wednesday 17 June for England v Croatia. So rally your mates together, get your England shirts on and grab your tickets here.
Featured image - The Hoot Leeds
News
Dishoom announces official opening date for new Leeds restaurant
Clementine Hall
It's the moment we've all been waiting for, Dishoom is coming to Leeds.
The whispers of Dishoom's arrival in Leeds city centre have been going on for a while now, but over the past few weeks it has started to feel very real.
Taking over the beautiful old Flannel's site on the coveted Vicar Lane, signs started to pop up for Dishoom and work was cracking on fast.
Well now, we have an opening date - and we don't have long to wait.
Dishoom Leeds will open on Monday 3 August, with guests being able to enjoy 50% off food during an initial soft-opening period, ahead of the official opening on Friday 14 August.
Images: The Hoot Leeds
As with every Dishoom café, the Leeds restaurant begins with a story. This one takes inspiration from the extraordinary true events surrounding the explosion of the SS Fort Stikine in Bombay Dock in April 1944, a wartime disaster that sent gold bars flying across the city.
Legend has it that some of the missing gold was never recovered. Some was discovered embedded in walls and rooftops across Bombay. Other pieces quietly disappeared into the hands of lucky citizens, melted into bangles or hidden away in drawers.
Dishoom Leeds reimagines the fortune made from the gold bars and guests will discover subtle references to the glamorous mid-century details through the interiors and artwork, giving playful nods to Bombay’s golden age.
With all day dining available, guests can dine on the beloved breakfast right through to late evening feasting, with the café will serve a lovingly curated menu of Bombay comfort food inspired by the city’s cafés, grills, street stalls and family kitchens.
Shamil Thakrar, co-founder, also known as Head Babu, at Dishoom, said: “Leeds is a city with tremendous warmth, creativity and character, full of people who know the value of gathering together over good food and drinks. Bringing Dishoom here has long been a dream for us.”
"The story behind this café is rooted in one of Bombay’s most extraordinary moments – the day gold bars fell from the sky after the explosion of Fort Stikine in 1944. Amidst the tragedy and chaos, there were also tales of unexpected fortune, human resilience and hopeful reinvention. We were captivated by this, and we cannot wait to welcome Leeds into the café that pays homage to the heritage of Bombay.”
Georgina Pellant -
4th May 2022 
