High pay crackdown would undermine UK competitiveness
5 January 2024
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Energy and Environment
In the Media
Labour Market
Len Shackleton quoted in BBC News
IEA Editorial and Research Fellow Professor Len Shackleton has been quoted in a BBC News article discussing High Pay Centre research finding that the average FTSE 100 CEO earned more than the average annual British salary under four days into 2024.
Len said:
“A CEO can make, or break, a company and therefore it’s unsurprising they are paid generously,
Len said:
“A CEO can make, or break, a company and therefore it’s unsurprising they are paid generously,
“Top earners pay stonking amounts in taxes: the top 1% of all earners in this country pay almost 30% of income tax. If we somehow stopped these people earning large amounts, many of them would leave the country and we would all have to pay higher taxes to compensate.”
Read the full article here.
Len’s comment was also featured in The Daily Telegraph, Yahoo!, and The Yorkshire Times.
You can also read Len’s full comment and his latest piece for The Spectator discussing the report.
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