The news that directors and chief executives of the top FTSE companies have had pay awards averaging between 40% and 49% is an utter disgrace. If these awards were the result of a fantastic recovery in the nations finances it might be all well and good. But they are not.
At a time when our politicians assure us we are “all in this together” it appears that there are some who are exempt. Not that I believed we ever were “all in this together”. The usual victims are those in the middle and pensioners who have been, and are, being squeezed some thing rotten. Despite nearly 6% inflation, our pensions have hardly increased nor are they likely to, in the present financial climate. Instead, we are told to “tighten our belts” so why don’t the fat cats tighten theirs?