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Rishi Sunak tells UK bosses to curtail their pay

Prime minister urges executives to ‘embrace restraint’ as their workers face a cost of living crisis

Rishi Sunak has told the UK’s top executives to rein in their pay as their workers face a cost of living crisis — but he criticised demands by nurses for a double digit pay increase.

Speaking at the G20 summit in Indonesia, the UK prime minister said: “I would say to executives to embrace pay restraint at a time like this and make sure they are also looking after all their workers.”

His comments will cause concern in some boardrooms given complaints by executives that British listed companies were already unable to match the pay offered by their global and often private rivals.

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