The High Pay Centre’s ‘Fat Cat Tuesday’ research published today (Tuesday) is evidence that the government is not making the choices needed to deliver a fair economy, says the TUC.
‘Fat Cat Tuesday’ is the day in 2016 on which the average pay received since the year started by chief executives of FTSE 100 companies surpasses the entire annual pay of the average worker.
TUC General Secretary Frances O’Grady said: “Every worker deserves a fair share of the wealth they help create. But the average weekly wage is still worth £40 a week less than before the financial crisis. The government must start making the right choices to deliver a fair economy with fair pay, like giving workers more collective pay bargaining rights.”