Average wages for 90 per cent of British workers are less than half what you’ve been told

‘The Equality Trust and High Pay Centre has average pay for UK workers calculated as £26,500. However, average pay conceals the reality for millions.

For instance, the top 0.1% are earning a few pounds over £1 million a year and the top 1% are earning an average £271,888. What this figure hides is the fact that the top FTSE chief executives are earning an average of £4.3 million and it takes them just 2.5 days to earn the average annual workers pay. These statistics do not include other successful groups such as self employed entrepreneurs.

The top 10% of UK workers earn £79,196. But the truth here is that this also includes the earnings of the top 1%, meaning the next 9% don’t really earn that figure.’

Read more: Average wages for 90 per cent of British workers are less than half what you’ve been told

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