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Fat Cat Tuesday highlights need for all workers’ wages to grow, says TUC

In response to the High Pay Centre’s ‘Fat Cat Tuesday’ research published today (Tuesday), the TUC has called for a change of course on economic policy to prioritise wage growth for all workers.

‘Fat Cat Tuesday’ is the day on which the average pay received in 2015 by Chief Executives of FTSE 100 companies surpasses the amount the average UK worker is expected to earn during the whole of the year.

TUC General Secretary Frances O’Grady said: “It’s a stark reminder that while the average worker is £50 a week worse off than in 2010, boardroom pay gets bigger and bigger every year. 

“We urgently need a change of course to put wage growth for all workers at the heart of Britain’s economic plan – if not then people’s living standards will not recover and the economy will remain in the danger zone.”

NOTES TO EDITORS:

- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews

Channel website: https://www.icaew.com

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