Top earners set to rake in more

The pay of the country's top earners is set to "spiral" to levels not seen for decades, with the public having no confidence that either the UK government or businesses can tackle excessive pay, a report has warned.

A study by the High Pay Commission found that high earners will see their pay rise from 5 per cent of national income to 14 per cent by 2030.

Deborah Hargreaves, chairwoman of the commission, said: "This is the clearest evidence so far that the gap between pay of the general public and the corporate elite is widening rapidly."

TUC general secretary Brendan Barber said: "The pay gap is causing huge economic damage."