In the past 30 years, we have seen the bulk of the rewards from Britain's economic success channelled to the very top of the income distribution.
Now that we are in tougher times, people are asking why that happened and what can be done about it. I am keen to be very much part of that debate.
As a journalist I wrote about top pay for most of my career and it just went on getting higher. At the High Pay Centre we now want to see how that trend can be reversed.
When august bodies such as the World Bank and IMF are calling on governments to address inequality as it is hampering recovery, it is imperative to do something about it.
Over the coming weeks, months and years, the High Pay Centre will inform the debate through high quality research on what is fair pay at the top and, more fundamentally, what is the business model that gets us there.
Director (2011 - 2015)
I agree and have little to add.
The work continues.
We need leaders to exercise some restraint and set a better example.
Director (2015 - )
Since 1 January 2018 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
- Speech given by Chuka Umunna MP at IoD Feb 8 2018
Here is the text of the speech given by Chuka Umunna MP at our event held at the IoD on Feb 8th 2018
- Chuka Umunna - how much progress on taming excessive executive pay?
Pamphlet presented by Chuka Umunna MP at a High Pay Centre event held at the Institute of Directors, London, on February 8 2018
- News - Chuka Umunna to speak at HPC event at the Institute of Directors, Feb 8th at 8am
We are delighted that Chuka Umunna has chosen to share his thoughts on "The Progressive Case for Business" on Feb 8th from 8am