- Advertisement -spot_img
Monday, March 27, 2023

UK: CEO earnings grew 2 times faster than inflation

Inflation in the United Kingdom added to the institutional problems created by the change of government, which led to mass elections and calls for measures against the loss of purchasing power. in parallel, bank of england Implemented the largest rate hike in 33 years in an effort to control inflation.

alza The main reason for these revenues is Premium hike after “companies reopen and demand returns after pandemic” graphs Andrew PageDirector Compensation Specialist at PwC.

average income of directors of The FTSE 100, which brings together the 100 highest valuations of the London Stock Exchangegone from 3.2 million pounds to 3.9 million (4.5 million euros, +22%) in the 2021-2022 fiscal year, the PwC specified in a statement on Monday.

remuneration of senior managers was back during the pandemicVoluntary or reduced, after deduction of wages and bonus pressure from shareholders or investors,

However, since then it has grown strongly again and has pre-pandemic levelAccording to several studies.

“During the last decade, Investors have started tightening in relation to the remuneration of directors” and ftse pay 100 companies rarely beyond their CEO”three to four million pounds” annuallyHildyard assured.

Even then “This equals paying them over 100 times the salary of an average British worker.“, he insists. Strikes have multiplied over the months in the United Kingdom to demand better wages in the face of generalized inflation.

The British government will have to present a new budget in the coming days, with former Prime Minister Liz Truss resigning due to the crisis triggered by her project, which proposed a tax cut, an end to the cap on directors’ earnings. banks and increased spending, especially on energy subsidies.

new prime minister, Rishi SunakHe said his budget would include measures to tackle inflation.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news
- Advertisement -


Please enter your comment!
Please enter your name here