Man in a business suit looking out a window, tax form, financial graph on a phone. Financial Times Stock Exchange 100 Index (FTSE 100) chief executives made more than the average annual salary on Friday.
In 2020, FTSE 100 chief executives have been paid 86 instances greater than the common Brit (Image: Getty)

After simply 4 working days, the UK’s prime executives earned greater than you or I'll take dwelling by the top of 2022.

The typical full-time working Brit earned £31,285 in 2021, and whereas this will likely enhance this 12 months, FTSE 100 chiefs have already surpassed that determine – as of 9am final Friday.

That is in response to thinktank, the Excessive Pay Centre, who in contrast the salaries paid to CEOs in earlier years with authorities statistics on pay ranges.

On common, the highest bosses have been paid about £2.7 million in 2020, which is the latest full monetary 12 months.

That is 86 instances greater than the £31,285 wage most full-time employees within the UK earned that 12 months.

Most CEOs took a couple of 17% pay lower due to the pandemic so they might often rake in way more.

Businessman using smart phone in conference room. Financial Times Stock Exchange 100 Index (FTSE 100) chief executives made more than the average annual salary on Friday.
The FTSE 100 is a listing of the 100 corporations on the London Inventory Change with the best market worth (Image: Getty)
AstraZeneca CEO Pascal Soriot. Financial Times Stock Exchange 100 Index (FTSE 100) chief executives made more than the average annual salary on Friday.
AstraZeneca CEO Pascal Soriot was the highest-earning prime boss (Image: Getty)

Pascal Soriot, the CEO of AstraZeneca, which manufactures the Oxford vaccine, made essentially the most cash in 2020 – £15.5 million.

In the meantime, the chief government of credit score rating firm Experian, Brian Cassin, made £10.3 million, and constructing materials enterprise CRH’s Albert Manifold earned £10 million.

Most FTSE 100 corporations are but to announce their CEO’s salaries for 2022. However of the companies who've, greater than half (57%) have elevated their pay from 2020.

Commerce unions and employees’ rights organisations have lengthy been pushing for a nationwide payrise.

Common secretary for the Commerce Union Congress (TUC) Frances O’Grady wrote: ‘The pandemic has proven us all who retains the nation going throughout a disaster.

‘There are thousands and thousands of hardworking individuals in Britain – from carers, to supply drivers, to buy ground employees – who give greater than they get again, however grasping executives are taking dwelling thousands and thousands whereas atypical employees face yet one more 12 months of pay squeezes.

‘As we emerge from the pandemic we have to redesign the financial system to make it honest, and meaning massive reforms to convey CEO pay again all the way down to earth.’

The TUC is campaigning for the minimal wage to be raised to £10 per hour, in addition to the banning of zero-hour contracts and outsourcing.

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