FTSE 100 bosses ‘given average pay rise of £500,000 in 2022’

CEOs received average increase of 16% while pay of many working for them failed to keep up with inflation

The bosses of the UK's 100 biggest listed companies collected an average 500,000 pay rise last year, while many of the millions of people working for them saw their pay growth fail to keep up with soaring inflation.

FTSE 100 chief executives received an average pay rise of 16% last year, taking their median pay to 3.9m, up from 3.4m in 2021, according to research by the High Pay Centre thinktank published on Tuesday.