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The rich get richer

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Issue 2283

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Average incomes will fall by £2,500 by 2013. The poorest third of households will lose three times as much as the richest third

  • 149 years – Time it would take a full-time worker on an average wage to earn the average FTSE 100 chief executive’s wage of £3,855,172
  • £60 billion – rise in wealth of Britain’s 1,000 richest people last year
  • 90% – of workers have seen their pay fall since 2007
  • 207,000 – workers earn less than the minimum wage
  • £3.9 million – average FTSE 100 director’s pension
  • £4,200 – a year average civil service worker’s pension
  • 0% public sector pay freeze
  • 2.7% ‘rise’ in private sector workers’ pay last year
  • 49% rise in FTSE 100 executives’ pay last year

Top 10 highest paid chief executives

boss income
Mick Davis (Xstrata) £18,426,105
Bart Becht (Reckitt Benckiser) £17,879,000
Michael Spencer (ICAP) £13,419,619
Sir Terry Leahy (Tesco) £12,038,303
Tom Albanese (Rio Tinto) £11,623,162
Sir Martin Sorrell (WPP Group) £8,949,985
Todd Kozel (Gulf Keystone Petroleum) £8,913,223
Don Robert (Experian) £8,601,984
Edward Bonham Carter (Jupiter) £8,003,641
Dame Marjorie Scardino (Pearson) £8,003,641

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