A report by the High Pay Centre reveals that the median remuneration for FTSE 100 CEOs has climbed to a record £5.06 million, significantly widening the earnings gap with average workers in the UK.

The High Pay Centre, a think tank known for exposing excessive CEO wages and corporate pay, is facing imminent closure. The news has sent shockwaves through the social research community, with reports suggesting anti-diversity sentiments from across the Atlantic may be a contributing factor.