It’s time to hold down pay at the top – not wages for everyone else

Commenting on the CEO of the London Stock Exchange suggesting CEOs should get paid more, TUC General Secretary Paul Nowak said:

“CEO pay is booming – but working people are enduring the longest wage squeeze in 200 years. It’s a tale of two Britains.

“And it’s not just executive pay that is soaring. Bonuses in the City are at a record high and oil and gas giants are registering eye-watering profits.

“Without urgent action, the cost of living crisis will deepen inequality in this country even further.

“It’s time to hold down pay at the top – not wages for everyone else.

“The government needs to clamp down on greedy pay and bonus culture by putting workers on company pay boards and introducing maximum pay ratios.

“And ministers need to get wages rising for ordinary working people. That means giving all public sector workers a decent pay rise, setting out a plan for a £15 minimum wage and introducing fair pay agreements to get pay rising across whole industries.”