Wednesday 5 August 2020 / 12:05 AM Business / Lucy Powell

Lucy Powell reacts to the Annual CIPD/High Pay Centre report findings on CEOs pay

Commenting on the Annual CIPD/High Pay Centre report which finds that FTSE 100 CEOs are paid an average of almost 120 times the median earnings of full time workers in the UK Lucy Powell MP, Labour’s Shadow Minister for Business and Consumers, said:

“These figures will stick in the throat of many low paid workers who have gone above and beyond during this pandemic to keep our shelves stocked, care for older people and deliver goods across our country. They have been undervalued and underpaid for years. This can’t go on.

“With the looming spectre of mass unemployment Ministers must redouble their efforts to get excessive pay under control and make sure those on low incomes who have worked so hard to keep our country running get the pay they deserve.”