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as of today, the bosses of britain s biggest companies will have made more money in 2024 so far than the typical worker makes all year. and that pay gap is growing. the average pay of the top ftse 100 chiefs amounts to £3.81 million per year, including pensions according to the think tank, the high pay centre. that s equivalent to wait for it £1,170 an hour 109 times the average worker whose median annual salary is just under £35,000. sorry to upset your lunch or dinner. joining me now is chris roebuck a global leadership expert who has worked in major organisations assessing senior leaders performance. hello, lovely to have you with us on the bbc. that will be tough to swallow, won t it? are those figures justified? i swallow, won t it? are those figures “ustified? ~ , ., swallow, won t it? are those figures ustified? ~ , ., ., ., justified? i think you need to ask the question. justified? i think you need to ask the question, lobbyists - justified? ....
They have done is focus coming out of the pandemic when there are all these supply issues come up, one of these supply issues come up, one of the industries they focused on was the industries they focused on was the chip technology. now what we are seeing is basically the latest step by the biden administration to provide money to make sure that they encourage microchip technology production here in the united states. so they are giving $162 million to support the domestic production of computer chips at a plant in colorado and it is all tied to this 2022 law that as i said was designed to revive us semiconductor manufacturing to stop but of course all of these investments, 90 million of that money will go to colorado springs. another 72 million will go to anotherfactory in springs. another 72 million will go to another factory in oregon. that thing is, these investments will take a couple of years to pay off but the idea is they should reduce and ultimately america s dependence on for ....
If you could talk to economists and investors, they have been eyeing up march as a potential date when you could potentially see a first rate cut. what these december note show is yes, the us central bank, they are feeling better about inflation. they agree that interest rates are at or near their peak for the cycle. they also agree they will come down. but, and here is the thing that may have disappointed those on wall street, they offered no clues as to how or when that will happen. so it opens the door that although they have discussed the idea that rate cuts will be something that they need to think about, they are not thinking about it yet. fik. need to think about, they are not thinking about it yet. 0k. another story coming thinking about it yet. 0k. another story coming out thinking about it yet. 0k. another story coming out of thinking about it yet. 0k. another story coming out of the thinking about it yet. 0k. another story coming out of the usa s - thinking about it ....
To the us now and officials at america s central bank the federal reserve say us interest rates may have to stay high for some time to tackle inflation. that s according to the minutes from the bank s december meeting. the fed has signalled it will start cutting rates this year. and there s news that the biden administration is providing over $160 million to domestic chip production. michelle fleury is in our new york bureau. hello, michelle. let s start off with the federal reserve and the minutes. a lot of chatter about this. , ~ , ., , ., minutes. a lot of chatter about this. , ~ ., ., this. yes, i think investors for a lona this. yes, i think investors for a long time this. yes, i think investors for a long time basically this. yes, i think investors for a long time basically have - this. yes, i think investors for a long time basically have been i long time basically have been waiting for the fed to come out and say they ve thought rates had reached their peak for this i ....