Early day motion 754

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WAGE INEQUALITY

That this House notes that the average FTSE 100 CEO is now paid 143 times as much as their average employee; recalls that as recently as 1998 this ratio was only 47 to 1; further notes that in some cases in the UK this ratio is now as high as 800 to 1; is aware that this is happening at a time when average wages are little better than stagnant; is concerned that such inequality damages the social fabric and indeed democracy itself; believes that such inequalities, which have only recently developed, have no economic justification; further notes that the High Pay Centre has called for a debate on more radical measures to address the widening income discrepancy in the UK, including introducing a maximum pay ratio and appointing workers' representatives to company boards; commends Switzerland for offering its people a vote, in November 2013, on capping executive pay at 12 times what the lowest-paid worker at a company received; and urges the Government to consider measures that would reduce such gross inequalities in the future.

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Total number of signatures: 9

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Showing 9 out of 9

Name Party Constituency Date Signed
Anderson, David Labour Party Blaydon 05.02.2015
Durkan, Mark Social Democratic and Labour Party Foyle 04.02.2015
McInnes, Liz Labour Party Heywood and Middleton 05.02.2015
McKenzie, Iain Labour Party Inverclyde 03.02.2015
Morrice, Graeme Labour Party Livingston 04.02.2015
Morris, Grahame M Labour Party Easington 05.02.2015
Rotheram, Steve Labour Party Liverpool Walton 04.02.2015
Roy, Frank Labour Party Motherwell and Wishaw 05.02.2015
Skinner, Dennis Labour Party Bolsover 05.02.2015