FTSE 100 chief executive pay reaches highest level on record

Bosses of UK's biggest companies are now paid 120 times more than average full-time worker in some instances

Pay for the bosses of the UK's 100 biggest listed companies has increased to the highest level on record, with the average chief executive paid more than 100 times the average full-time worker in Britain.

As millions of households cut back on spending amid the cost of living crisis, analysis by the High Pay Centre showed median pay for a FTSE 100 chief executive increased from 4.1m in 2022 to 4.19m in 2023.