In his New Year message released today (Thursday 28 December), TUC General Secretary Brendan Barber calls for a national debate about top pay after revealing that for every £100 earned by a top company director in 2000 they now earn £205, while ordinary employees have only seen a £6 increase in every £100 they earned six years ago (after allowing for inflation). Top pay is increasing 17 times faster than average pay. And if City bonuses had been shared among everyone at work in the UK, we could all have enjoyed a Christmas bonus of more than £350.
New Year Message from TUC General Secretary, Brendan Barber
'It's time for a national debate about the pay and rewards given to people at the top of companies.
'No-one should resent proper rewards for hard work or risk taking. There is nothing wrong with people who have big responsibilities or who perform well getting more pay, and the nation needs smart, experienced and competent people running major companies. I recognise that envy is never a very attractive attribute.
See full Press Release.
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