TUC - pay inequality at City firms remains far too high

Commenting on research published today (Monday) by the High Pay Centre - which shows pay inequalities at UK's largest companies remain constant despite the cost of living crisis - TUC General Secretary Paul Nowak said:  

“Workers deserve a fairer share of the wealth they create. Too many firms are guilty of feather-bedding those at the top at the expense of the wider workforce. 

“At a time when food and energy bills are sky-high there is simply no justification for such huge pay inequality. 

“Corporate excess is bad for businesses and bad for Britain – often encouraging short-term risk-taking and greed over longer-term success. 

“That’s why it is vital to have workers on company boards to inject some much-needed common sense – and fairness – into boardrooms.”