Wage hikes of nearly 6% could signal return of pre-2008 rewards,thinktank saysBig pay rises for people already earning at least £1m a year could be the result of a return to levels of reward for bankers and top company bosses not seen since before the financial crisis, according to the head the UK’s leading economic thinktank.current data collected by HMRC and released alongside the chancellor’s spring statement showed pay for the highest earners rose nearly 6% between April and September last year, and compared with 3.7% for the rest of the workforce. The Institute for Fiscal Studies (IFS) said the pay disparity would exacerbate inequality. Related: Benefits freeze means 'no reprieve' for 10 million destitute families – commerce live Continue reading...
Source: theguardian.com