British Bosses Are Paid 143 Times More Than Staff

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Britain's top bosses are earning 143 times their average employee's wage, a report has revealed, amid growing anger over inequality and CEO pay. The figure marks a rise from 1998, when the average CEO was paid 47 times as much as his or her workers, according to the High Pay Centre, a U.K. think tank. "When bosses make hundreds of times as much money as the rest of the workforce, it creates a deep sense of unfairness," High Pay Centre Director Deborah Hargreaves, said in a press release.

The report comes amid a fierce debate over inequality and CEO pay. The U.K government has brought in measures in an attempt to curb executive pay such as forcing companies to report a single figure on how much the CEO earns in an attempt to be transparent. Shareholders have also been given a binding vote on directors' remuneration packages. The High Pay Centre found the CEO pay figures from the companies' financial reports, while average worker earnings at the FTSE 100 firms were provided by Pensions and Investment Research Consultants (PIRC).


-- By CNBC's Arjun Kharpal