The CEO salary gap

As the cost of liv­ing soars in the UK, busi­ness lead­ers’ salaries are back in the spot­light. After a con­trac­tion in the imme­di­ate after­math of the Covid lock­downs, the gap between the aver­age worker’s pay and that of the aver­age CEO is grow­ing once again, pre­sent­ing dif­fi­cult ques­tions about fair­ness dur­ing hard times. Eye­brows were cer­tain­ly raised by the Bank of England’s gov­er­nor, Andrew Bai­ley, when he urged ordi­nary work­ers not to demand sub­stan­tial pay ris­es for fear of trig­ger­ing an infla­tion­ary spi­ral