Pay of FTSE 100 chief executives rose an average of 23% in 2022

Campaigners and TUC say rise to almost 4m is unjustifiable during cost of living crisis

Bosses of the UK's 100 biggest publicly listed companies have seen their pay jump by an average of 23% to almost 4m because of record bonus payments.

The average pay of chief executives of FTSE 100 companies increased from 3.2m last year to 3.9m this year, according to research by PricewaterhouseCoopers (PwC). The soaring pay at the top comes as companies push back against workers' demands for pay rises to help them cope with high inflation and the cost of living crisis.