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‘Fat Cat Friday’

Rebecca Long-Bailey MP, Labour’s Shadow Business Secretary, commenting on ‘Fat Cat Friday’, said “The fact that top bosses will have earnt the annual salary of an average worker in just the first four days of January epitomises how disgracefully skewed our corporate culture has become in some circles.

“The Tories have done nothing to address such blatant inequality and they continue to push real aspiration further and further from the grasp of the majority of people in Britain.

“The next Labour Government will tackle rampant pay inequality with a real living wage of at least £10 per hour, with an excessive pay levy, and by rolling out maximum pay ratios of 20:1 in the public sector and in companies bidding for public contracts.”