Politics

‘Fatcat Friday is reminder of inequality which still shames our country’

Fatcat Friday is a reminder of the inequality which still shames our country.

By today, the bosses of our biggest companies will have already earned more than the average worker gets in a year.

The average annual pay of FTSE 100 chief executives was £3.9million last year.

That is 321 times more than someone on the minimum wage, 217 times more than a care worker and 121 times more than a nurse.

In the 1950s, business leaders earned on average 20 times more than regular workers.

Now, they are earning 133 times more – not because they are more successful but because they are more avaricious.

This exorbitant pay is bad for morale, business and society.

Studies show unequal countries have higher levels of mental health issues, obesity and drug addiction and lower social mobility and trust.

It is a broken society that lets tycoons line their pockets while paying a pittance to those who care for the sick and elderly.

If we want everyone to prosper we need better wages across the board, not just the boardroom.

It’s time for Fairness Friday.

Bin let down

HAVING your bins emptied regularly should not be too much to ask.

But households in Conwy, North Wales, are now having to wait a month. The result of the switch to the monthly collections was entirely predictable – rubbish is piling up in streets.

Cash-strapped councils need to save every penny because of budget cuts by central government. And families should be encouraged to recycle as much as they can.

But common sense also needs to apply.

Piles of rubbish pose a health and environmental risk that could be more costly than any savings from switching to monthly collections.

A fresh Chrisis

IN the latest Brexit botch, Chris Grayling gave a contract to a ferry firm with no boats and T&Cs from a takeaway website.

The serial-bungler Transport Secretary really should have a sinking feeling.

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