CEO pay has bounced back post-covid but the pay for frontline staff who kept businesses operating during the pandemic have seen their pay flounder.
Investors piled into London-listed banks after HSBC this morning said profits hit $9.2bn (£7.5bn) for the six months to June.
“In just one week I will finally leave Brexitland for good. Let me know if anyone ever finds those sunlit uplands. Not expecting an answer anytime soon."
Amazon's UK operation saw revenues surge past £23 billion for the first time recently. Jeff Bezos is worth $129.6 billion alone!
It comes as the fiancee of murdered Saudi journalist Jamal Khashoggi, has described Joe Biden’s decision to visit Saudi Arabia as “heartbreaking”, accusing the US president of backing down from his pledge of prioritising human rights.
The company was accused of hiding French profits in lower-tax Luxembourg from 2009 to 2020, and reporting artificially low profits in France.
Also Marks & Spencer boss Steve Rowe witnessed his pay and bonus package more than double to £2.6 million for the past year.
The Daily Mirror reported the cost per kilo of Icelandic cod has jumped from £7.80 in October to £16, while potato costs have risen by 30%.
“Ministers have no hesitation in calling for public sector pay restraint, but turn a blind eye to shocking City excess."
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© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.
© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.