In a survey for the Guardian, accountancy firm Deloitte revealed that the pay packages of directors of FTSE 350 firms (the largest companies listed on the London Stock Exchange) rose by 28% in 2005.
What’s more, executives at the biggest firms can expect to earn £1 million+ a year. Wow, it’s alright for some, isn’t it? To put these increases into context, the average British worker’s pay has increased by about 3.7% in the past year, during which time the CPI measure of inflation rose by 2.5%….