'A fairer country' | New report proposes reforms to tackle inequality between CEO & staff pay

The pay gap between employees and their bosses in the UK remains one of the highest among major economies, according to a new report by the High Pay Centre and abrdn Financial Fairness Trust. The report, titled "A Charter for Fair Pay," sets out a series of policy proposals aimed at reducing income inequality and promoting fairer pay practices.

The report highlights that disparities in pay are not only a moral issue but a significant factor impacting social cohesion and economic stability. With the UK ranked as one of the most unequal economies in the OECD, the recommendations call for reforms that could address these disparities preemptively, rather than relying solely on taxation and redistribution.