Fat cat pay shows the government is making wrong choices for a fair economy, says TUC
TUC General Secretary Frances O’Grady said: “Every worker deserves a fair share of the wealth they help create. But the average weekly wage is still worth £40 a week less than before the financial crisis.
5 January 2016
The High Pay Centre’s ‘Fat Cat Tuesday’ research published today (Tuesday) is evidence that the government is not making the choices needed to deliver a fair economy, says the TUC.
‘Fat Cat Tuesday’ is the day in 2016 on which the average pay received since the year started by chief executives of FTSE 100 companies surpasses the entire annual pay of the average worker.
TUC General Secretary Frances O’Grady said: “Every worker deserves a fair share of the wealth they help create. But the average weekly wage is still worth £40 a week less than before the financial crisis. The government must start making the right choices to deliver a fair economy with fair pay, like giving workers more collective pay bargaining rights.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @The_TUC and follow the TUC press team @tucnews
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