After narrowing during pandemic, analysis suggests FTSE 350 CEOs will collect 63 times average median pay at their companies
The gap between the pay of bosses and employees will widen again this year after narrowing during the pandemic, research suggests.
FTSE 350 chief executives are expected to collect 63 times the average median pay of workers at their companies , according to the High Pay Centre thinktank, which campaigns for fairer pay structures.
Continue reading...Sixty-three per cent of people said CEOs should be paid no more than 10 times earnings of lower- or mid-ranking employees
Six in 10 people think company bosses should be prevented from earning more than 10 times the average paid to employees, according to polling shared exclusively with the Guardian.
A poll for the High Pay Centre, a thinktank that campaigns for fairer pay for workers, found that 63% of Britons said chief executives should be paid no more than 10 times the earnings of lower- or mid-ranking employees.
Continue reading...CWU bosses say increase is relative cut in salary but BT says it is its biggest award in two decades
BT has given 58,000 workers a £1,500 pay rise that it says is its biggest award in two decades, despite its largest union rejecting the deal and saying it intends to ballot members over strike action.
Last week BT had a £1,200 pay rise offer rejected by the Communication Workers Union (CWU), which represents about 40,000 of the company’s 100,000 employees, with union bosses describing it as “insulting” and a “relative pay cut” as soaring inflation fuels a cost of living crisis.
Continue reading...Proportion of UK worker’s salary covered is typically less than quarter of Germany’s 100% in first six weeks
Asked this week about whether his move to drop Covid isolation requirements would drive infectious workers into the office, Boris Johnson said UK workers should learn from their German counterparts and stay home when unwell.
The prime minister did not mention the stark differences in the support available for British workers compared with Germany and the rest of the world, and whether this could explain their reluctance to take a sick day.
Continue reading...Analysis: academy and health service trusts responsible for big disparities as overall public pay inequality rises
It is clear that the public sector pay gap reported to government remains stubbornly high, at 15.5% versus 9% in the private sector. So where within public services is this happening, and why?
In 2018, the first year of compulsory gender pay gap reporting, women working in the public sector earned 86p for every £1 their male counterparts did. In 2021, that dropped to 84p.
Continue reading...With queues for petrol, inflation and Abba on the radio, it’s easy to compare the two decades. But you wouldn’t if you were there, says Polly Toynbee, as she revisits the styles of her youth
Queueing for petrol, I turn on the radio and there are Abba, singing their latest hit. Shortages on shop shelves are headline news, with warnings of a panic-buying Christmas. And national debt is sky high. But this isn’t the 1970s; it’s 2021. People who weren’t born then have been calling this a return to that decade. There are similarities, of course: this retro-thought was sparked by the recent petrol queues, people as frantic to fill up to get to work as I remember back then. Elsewhere, flowing floral midi dresses are back, just like the ones I wore; Aldi is selling rattan hanging egg chairs; and, as well as Abba, the charts have been topped by Elton John. But is this really a 1970s reprise?
No, nothing like it; not history repeated, not even as farce – just a stylist’s pastiche, as bold as the wallpaper I’m posing in front of here. Folk memory preserves only the 1974 three-day week; the miners’ strike blackouts, with no street lights and candle shortages; the embargo that quadrupled the price of oil. True, I did queue at the coal merchant’s to fire up an ancient stove for lack of any other heat or light. But the decade shouldn’t be defined by this, or by 1978-79’s “winter of discontent” strikes, a brief but pungent time of rubbish uncollected and (a very few) bodies unburied by council gravediggers.
Continue reading...Dearth of delivery drivers, abattoir staff and fruit pickers caused by Covid and Brexit are fuelling wage rises with 5% hike in prices forecast
Food prices could rise by about 5% by the autumn – and turkeys and pigs in blankets could be in short supply this Christmas – as shortages of delivery drivers, abattoir staff and other workers drive up pay and other costs.
Industry insiders say that pay for lorry drivers and other supply chain workers, including abbatoir workers, plus vegetable and fruit pickers and packers have all risen because of difficulties in finding sufficient staff.
Continue reading...Vast gap in earnings described as ‘unfair’ and ‘repugnant’ by trade union leaders
Bosses of top British companies will have made more money by teatime on Wednesday than the average UK worker will earn in the entire year, according to an independent analysis of the vast gap in pay between chief executives and everyone else.
The chief executives of FTSE 100 companies are paid a median average of £3.6m a year, which works out at 115 times the £31,461 collected by full-time UK workers on average, according to research by the High Pay Centre thinktank.
Continue reading...More than 30 marches due on Saturday in recognition of work during coronavirus pandemic
Thousands of NHS workers have protested across the UK calling for fair pay for NHS staff and true recognition of their work during the pandemic.
More than 30 marches were planned on Saturday as anger grows about an absence of action to match gestures such as weekly applause for healthcare workers.
Continue reading...Boris Johnson was hit by a growing revolt over his strategy for easing the Covid-19 lockdown last night as council leaders across the north of England joined unions in vowing to resist plans to reopen schools on 1 June.
Related: Are we all in this together? It doesn't look like it from the regions
Continue reading...Study also shows global unemployment due to rise for the first time in a decade
Nearly half a billion people around the world are struggling to find adequate paid work, trapping individuals in poverty and fuelling heightened levels of inequality, according to a UN report.
In a study published as world leaders fly into the Swiss ski resort of Davos to voice concerns over inequality and the climate crisis, the UN’s International Labour Organization (ILO) said more than 473 million people around the world lacked the employment opportunities to meet their needs.
Continue reading...Migrant workers at club owned by Boris Johnson-backer Robin Birley, asking for £10.55 an hour
Staff at an exclusive private members’ club owned by a high-profile, Brexit-supporting backer of Boris Johnson are to go on strike.
Celebrities coming to 5 Hertford Street, which has hosted figures including George and Amal Clooney, Margot Robbie, Alexa Chung, Bella Hadid and royals such as Prince William, will have to consider whether they want to cross a picket line at the Mayfair property.
Continue reading...Rolling coverage of the day’s political developments, including Brexit and the Conservative party conference
The Guardian’s just published a leader on Labour’s universal credit policy, concluding that the “plan makes sense”.
The shocking failings of universal credit are justly blamed on the government having listened to the wrong people when setting it up. The sensible reforms set out by Labour show that the opposition has been listening to the right ones. Never mind that the package of changes announced by Jeremy Corbyn on Saturday was misleadingly described as a plan to “scrap” universal credit. His party’s proposals to end the five-week wait for initial payments, scrap the benefit cap and two-child limit (and heinous “rape clause”) are sound. So are promises to review the sanctions system, ditch the “digital only” approach and hire 5,000 new advisers to help those who struggle with online applications.
Related: The Guardian view on universal credit: Labour’s plan makes sense | Editorial
The army’s zero-tolerance drugs policy has been scrapped less than a year after it was introduced, the defence secretary has confirmed.
Speaking at a ConservativeHome fringe event at the Conservative party conference in Manchester, Ben Wallace told Tory members he had changed the policy because it should be for commanding officers, and not the government, to decide to strip an individual of their job.
I changed it. I took the view that some people are young and irresponsible and it should be up to their commanding officers to decide, whether it’s a young lad or girl who’s made a mistake, whether they should be allowed to remain in the armed forces or not.
And people who have left and want to rejoin, the same should apply to them as well. I think, you know, that doesn’t mean to say you should be able to do drugs in the armed forces.
It should be up to commanding officers to understand their workforce, to understand whether that individual is the problem, or if there’s a medical problem and they think they need help, or whether indeed it was a mistake.
Continue reading...Actor Michelle Williams said she was ‘paralysed with feelings of futility’ after being 'paid less than $1,000 compared to the $1.5m' that Mark Wahlberg received 'for the exact same amount of work’ while reshooting the film All the Money in the World. Speaking in Washington DC on 2 April during a hearing about closing the gender pay gap, Williams said 'if it was like this for me, a white woman in a glamorised industry, how were my sisters suffering across their professions?' She said the lack of initial reaction was the most depressing element. The controversy only seemed to come to public attention, she said, after the actor Jessica Chastain tweeted about it
Continue reading...Legal adult minimum of £8.21 an hour still leaves millions struggling, say campaigners
Almost 2 million workers in the UK are in line for a pay rise on Monday as the legal minimum wage increases by nearly 5%.
Adults on pay rates rebranded as the “national living wage” will receive a 4.9% rise from £7.83 to £8.21 an hour, worth an extra £690 over a year and affecting around 1.6 million people. The hourly rate for 21- to 24-year-olds will go up from £7.38 to £7.70, and for 18- to 20-year-olds from £5.90 to £6.15 in increases that cover about 230,000 people.
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