High Pay Centre calculates bosses will pass milestone on third working day of 2026 with median pay of £1,353 an hour

The bosses of FTSE 100 companies will have made more money in 2026 before midday on Tuesday than the average worker will all year, according to figures laying bare the yawning income gap.

Median annual pay for FTSE 100 chief executives is £4.4m, the High Pay Centre thinktank calculated, 113 times higher than the £39,039 earned by the median full-time worker.

Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%

Nearly 150 countries have agreed on a landmark plan to stop large global companies shifting profits to low-tax jurisdictions, but the US will be exempt from the deal, angering tax transparency groups.

The plan, finalised by the Organisation for Economic Cooperation and Development, excludes large US-based multinational corporations from the 15% global minimum tax after negotiations between the Trump administration and other members of the G7.