According to an analysis from the charity Equality Trust, the average FTSE chief executive earns 386 times more than a worker on the national living wage.
The findings were taken from annual reports from 2015 on all FTSE 100 companies. They showed that the average CEO is earning £5.3m a year, a drastic difference from the £13,662 national 
living wage at £7.20 an hour. It was also revealed that 67% of FTSE 100 CEOs are paid more than 100 times the average UK salary.
The charity is calling on the government to make large and medium companies to report the pay gaps between their highest and average paid worker in a bid to tackle pay inequality through transparency.
Equality trust executive director Wanda Wyporska said: “We need far greater transparency on company pay practices to challenge poverty pay and executive excess at the same time.”
CEO pay vs public sector
The report highlights the likes of Sir Martin Sorrell from advertising firm WPP who was paid over £40m last year in comparison to public sector workers who have seen their incomes cut in austerity measures.
In comparison to other professions, the Equality Trust found that FTSE 100 Chief executives were paid 165 times more than a nurse, 132 times more than a police officer, 140 times more than a teacher and 312 times more than a care worker.
Wyporska says: “The people who educate our children, look after our grandparents, and keep our families safe have seen their pay frozen, while fat cat CEOs continue to gorge themselves on obscene and undeserved rewards.”
There has been plenty of worry concerning rising living standards alongside slow pay growth and inflation rates. “Pay inequality drives wider inequality, and we know this is bad for businesses, bad for our economy and bad for our health, our education and our wider society,” added Wyporska.
Brexit concern
There is also a lot of concern related to Brexit, with the lower value of the pound and the uncertainty of trade deals and the single market.
This has already meant that businesses are dealing with increased importing costs and a general uncertainty that has made many of them more hesitant to raise wages or start recruiting.
Theresa May plans to make a Brexit deal which “works for everyone” but it is still not known what position the UK will be in once it exits the EU.
What do you think of this report? Do you believe big businesses should report their pay gaps? Let us know what you think in the comments!