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Even the directors are suffering!

News that directors pay rises are falling would probably have induced some sympathy in the past but when it is revealed that the rate has fallen from 7% a year to 'just' 6.2% a year, i.e. well above inflation, then sympathy is very much thin on the floor. However, this is the situation which some of the UK's top directors find themselves in while those on the 'factor floor' are struggling to agree pay deals at the level of inflation!

While the breakdown does differ slightly from sector to sector it shows that those at the top of the employment tree seem to suffer less than those at the base of the tree. Many will argue that they take on the pressure of making big decisions there is no doubt that many are already handsomely rewarded to start with. Quite how many of these directors can justify inflation busting increases in the current climate remains very much to be seen.

The privatised sectors of the UK seem to be some of the worst with Water and Electricity companies often accused of agreeing excessive rewards for their top directors. Then again, when we have our own MPs trying to push through massive rises for themselves as well as replacing controversial perks with daily allowances, can we really blame these top directors?

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