According to the Share Centre’s latest Profit Watch UK report, revenues for UK plc have grown for the tenth successive quarter, rising by 8 per cent. Despite this growth overall, this rise was not shared evenly across UK companies; profits from the UK’s largest companies grew by 11.2 per cent but those outside this group saw profits fall by 17.6 per cent.
For what seems like a lifetime, businesses hoping for some clarity about Brexit have been repeatedly been left disappointed. Worse still, the recent delay to the Brexit date will prolong the agony for business leaders who are desperate to know if or when they will face new barriers to trade, and, if so, what those barriers will be.
The Business, Energy and Industrial Strategy Committee have called for companies to do more to link top bosses’ pay to that of the rest of their workforce. In a report published today, the committee criticised “excessive” executive pay packages which they describe as “reputationally damaging” and fuelling “a perception of institutional unfairness.”
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