UK bosses win 10% pay rises as workers face restraint: study

London

BRITISH company bosses won pay hikes of 10 per cent last year, creating a growing wages gap as workers faced restraint, a study showed on Monday. The average pay package of a FTSE 100 chief executive rose to £5.48 million (S$9.6 million) in 2015, from £4.96 million in 2014, according to research from the High Pay Centre.

The think tank, which analysed the annual reports of Britain's top 100 companies, added that chief executives were paid 140 times more than their employees on average.