Top pay out of control, says report

Most people believe pay and bonuses for top executives are "out of control", according to a new study to coincide with a report which described excessive high pay as "corrosive" to the economy.

A year-long inquiry by the High Pay Commission has revealed that the pay of top executives had soared by more than 4,000% in the last 30 years, undermining productivity and "damaging" trust in British business. The report criticised "stratospheric" pay increases which have seen wealth flow upwards to the top 0.1% of people in the UK.