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High Pay Centre says £1,000-an-hour bosses will pass £28,000 average salary by lunchtime on ‘Fat Cat Wednesday’

A protester in a ‘fat cat’ suit stands outside RBS in London, 2012
A protester in a fat cat suit stands outside RBS in London in 2012. Photograph: Kirsty Wigglesworth/AP

The UK’s top bosses will have made more money by lunchtime on Wednesday than the typical UK worker will earn all year, according to an analysis that exposes the gulf between executives and the rest of the workforce.

On “Fat Cat Wednesday” campaigners say that public anger with elites will intensify unless action is taken to tackle excess among executives at a time when pressures on household budgets are rising.

The High Pay Centre calculated that the average FTSE 100 boss now earns more than £1,000 an hour, meaning they will pass the UK average salary of £28,200 by around midday on Wednesday. The thinktank said that after enjoying rapid earnings growth in recent years, leading bosses now typically earn 129 times more than their employees.

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