"This year, the average FTSE100 CEO took less than three days to earn what the typical UK worker will in all of 2026. In the case of Melrose, where the CEO earned 1509 times the median UK salary, it will take him just under 3 hours to do so. These disparities come in a context of long-term wage stagnation, falling living standards and a significant decline in worker trust in their employers. ... proposing a new ‘Fat Cat Tax’, whereby firms would pay a corporation tax surcharge on their yearly profits if single-figure remuneration for an executive director exceeds a specified multiple of the median UK worker’s salary. This would be a progressive system, starting with a small tax on those pay packages that exceed 10:1, before increasing in size at thresholds of 50:1, 100:1, 200:1 and 500:1. "
Petition:
https://you.38degrees.org.uk/petitions/fat-cat-tax-make-companies-pay-for-extreme-inequalities?
#equality #highPay #FatCats #poverty #UKpolitics

"This year, the average FTSE100 CEO took less than three days to earn what the typical UK worker will in all of 2026. In the case of Melrose, where the CEO earned 1509 times the median UK salary, it will take him just under 3 hours to do so. These disparities come in a context of long-term wage stagnation, falling living standards and a significant decline in worker trust in their employers. ... proposing a new ‘Fat Cat Tax’, whereby firms would pay a corporation tax surcharge on their yearly profits if single-figure remuneration for an executive director exceeds a specified multiple of the median UK worker’s salary. This would be a progressive system, starting with a small tax on those pay packages that exceed 10:1, before increasing in size at thresholds of 50:1, 100:1, 200:1 and 500:1. "
Petition:
https://you.38degrees.org.uk/petitions/fat-cat-tax-make-companies-pay-for-extreme-inequalities?
#equality #highPay #FatCats #poverty #UKpolitics

We need a cap on water industry executive pay
"While no one would doubt that oversight of critical infrastructure requires competent managers, there are limits to the levels of genius involved. This isn’t a service that risks obsolescence or necessitates great salesmanship. In the absence of people meeting 100% of their hydration needs through Dr Pepper, or maintaining personal hygiene by licking themselves clean like cats, the market for water seems well-secured.
So is a clean, reliable water supply really so contingent on these seven figure pay awards?"
https://highpaycentre.org/why-we-need-a-cap-on-water-industry-executive-pay/
#HighPay #WaterCompanies #UKpolitics