IDS: Wage gap between top bosses and workers widens

News Article - 29 October 2007
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The pay of top company executives has doubled over the last five years, according to new research.

Overall pay of chief executives has reached "new heights" of more than £3 million each, reveals a study by pay analysts Incomes Data Services (IDS). Following the results, IDS announced that there were calls for action to limit wage increases.

The study also showed that average earnings of full-time workers increased from £25,000 to £30,000 a year.

Reacting to the study results, general secretary of the TUC Brendan Barber said: "Britain's top directors clearly have no shame. Year in, year out they have been paying themselves far bigger rises than they are prepared to pay their staff while lecturing the rest of us on the need for low taxes."

The study follows earlier research by the Associated Press showing that chief executives of big US companies earned the same amount in one day as the average worker did in one year.

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