FTSE 100 bosses get record pay for third year running

Bosses of Britain's largest listed companies have taken home record-high pay packets for the third successive year, according to a thinktank.

- Joanna Partridge

The latest record, set in the 2024-25 financial year, means the average FTSE 100 chief executive is now paid 122 times the salary of the average full-time UK worker, analysis found.

Executive pay has been on the rise for the past four years, partly as a consequence of pay cuts taken during the pandemic, at a time when many households are struggling with a cost of living crisis.

The median pay of a FTSE 100 chief executive climbed to £4.58m in the past financial year, up from £4.29m a year earlier, an increase of nearly 7%, the High Pay Centre said.

FTSE 100 companies spent more than £1bn on pay, a report from the thinktank found. This was handed out to just 217 executives, representing a rise of almost a quarter of a billion pounds on the previous year, when executive pay totalled £757m.