UK Business

my decade of research shows why elitism is endemic and top firms don't really care

Written by Louise Ashley, Senior Lecturer, Queen Mary University of London

During the COVID pandemic, as most wages stagnated, workers in the City of London were enjoying bumper pay packets. Average partner salaries in one corporate law firm exceeded £2 million for the first time. Investment bankers received their highest bonus payouts since 2008.

City bosses have long justified these exceptional rewards by claiming...

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