'Obscene pay inequality': FTSE 100 bosses earn typical UK annual salary in…

By 1pm this afternoon, just a few days into the new year, FTSE 100 bosses will have earned more than the typical UK worker makes in a year, according to new estimates. The median pay - the midpoint between the lowest and highest pay - for a FTSE 100 boss stood at £3.81m (excluding pensions) in the financial year ending in March 2023, analysis by the High Pay Centre thinktank revealed. This amounts to approximately £1,170 per hour - assuming the bosses work 12.5 hours a day - which is 109 times the median full-time worker's wage of £34,963, the thinktank said. The Trades Union Congress (TUC), which represents 48 member unions, has…