Type | Think tank |
---|---|
Registration no. | Company Registration (England and Wales) No. 07891638 |
Legal status | Private Limited by Guarantee |
Headquarters | London |
Executive Director | Luke Hildyard |
Chair | Nick Isles |
Revenue (2016) | £94,239 |
Expenses (2016) | £94,239 |
Staff (2018) | 2 |
The High Pay Centre is a UK think tank carrying out research and analysis on issues relating to top incomes, corporate governance, and business performance. [1] The Centre is generally critical of existing top pay practices, and advocates policies designed to reduce economic inequality. [2] HPC research and commentary on high pay and inequality are regularly cited in the UK media. [3]
Since 2014, the Centre has promoted 'fatcat day', usually occurring in the first week of January, marking the date on which the earnings for the average FTSE 100 Chief Executive surpasses the amount that the average UK worker can expect to earn all year. [4]
The Centre was established by Compass in 2009 as the High Pay Commission, and changed its name to the High Pay Centre following publication of the final report of the Commission. [5]
Funders for project work during 2018 include Joseph Rowntree Charitable Trust (£50,000) and Chartered Institute of Personnel and Development (£25,000). [6]
The High Pay Centre has been awarded an A grade for funding transparency, the highest transparency rating (rating goes from A to E), by Who Funds You? [7]
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP; it is also the second largest by purchasing power parity (PPP), behind China. It has the world's sixth highest per capita GDP (nominal) and the eighth highest per capita GDP (PPP) as of 2024. The U.S. accounted for 26% of the global economy in 2023 in nominal terms, and about 15.5% in PPP terms. The U.S. dollar is the currency of record most used in international transactions and is the world's reserve currency, backed by a large U.S. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar. Several countries use it as their official currency and in others it is the de facto currency. Since the end of World War II, the economy has achieved relatively steady growth, low unemployment and inflation, and rapid advances in technology.
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The Institute for Public Policy Research (IPPR) is a progressive think tank based in London. It was founded in 1988 by Lord Hollick and Lord Eatwell, and is an independent registered charity. The think tank aims to maintain the momentum of progressive thought in the United Kingdom through well-researched and clearly argued policy analysis, reports, and publications; as well as a high media profile.
The Centre for Policy Studies (CPS) is a centre-right think tank and advocacy group in the United Kingdom. Its goal is to promote coherent and practical policies based on its founding principles of: free markets, "small state," low tax, national independence, self determination and responsibility. While being independent, the centre has historical links to the Conservative Party.
The Institute for Fiscal Studies (IFS) is an independent economic research institute based in London, United Kingdom, which specialises in UK taxation and public policy. It produces both academic and policy-related findings.
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The Centre for Social Justice (CSJ) is an independent centre-right think tank based in the United Kingdom, co-founded in 2004 by Iain Duncan Smith, Tim Montgomerie, and Philippa Stroud.
The Centre for Cities is an independent, non-partisan urban policy research unit and a charity registered in England. The Centre's main goal is to understand how and why economic growth and change takes place in the United Kingdom's cities.
Compass is a British centre-left pressure group, aligned with the Labour Party which describes itself as: "'An umbrella grouping of the progressive left whose sum is greater than its parts". Like the formally Labour-affiliated think tank the Fabian Society it is a membership-based organisation and thus seeks to be a pressure group and a force for political organisation and mobilisation.
The TaxPayers' Alliance (TPA) is a pressure group in the United Kingdom which was formed in 2004 to campaign for a low-tax society. The group had about 18,000 registered supporters as of 2008 and claimed to have 55,000 by September 2010. However, it has been suggested that a vast majority of these supporters – who do not contribute financially or engage in campaigning – were simply signed up to a mailing list.
The Tax Justice Network (TJN) is a British advocacy group consisting of a coalition of researchers and activists with a shared concern about tax avoidance, tax competition, and tax havens.
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Income inequality has fluctuated considerably in the United States since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950 and 1980.
The inequality of wealth has substantially increased in the United States in recent decades. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts.
The Legatum Institute is a think tank based in London, UK. Its stated aim is to advance the education of the public in national and international political, social and economic policy. The Institute has over forty donors including the Legatum Foundation. It has been called "arguably the most influential think tank in Britain pushing its free market pro-Brexit vision and enjoying privileged access to media and ministers" but it has attracted controversy as a result of its opaque, offshore funding.
Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is sometimes referred to as responsible investing or, in more proactive cases, impact investing.
The Resolution Foundation is an independent British think tank established in 2005. Its stated aim is to improve the standard of living of low-to-middle income families.
The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are employed. Women are generally found to be paid less than men. There are two distinct numbers regarding the pay gap: non-adjusted versus adjusted pay gap. The latter typically takes into account differences in hours worked, occupations chosen, education and job experience. In other words, the adjusted values represent how much women and men make for the same work, while the non-adjusted values represent how much the average man and woman make in total. In the United States, for example, the non-adjusted average woman's annual salary is 79–83% of the average man's salary, compared to 95–99% for the adjusted average salary.
Sweden enjoys a relatively low income inequality and a high standard of living. Unemployment as of 2017 was estimated to be 6.6% by the CIA World Fact Book, lower than in other European Union countries. The Nordic model of a social welfare society exemplified by Sweden and its near neighbours has often been considered a European success story compared internationally with the socioeconomic structures of other developed industrial nations. This model of state provided social welfare includes many unemployment benefits for the poor, and amply funded health, housing and social security provision. within essentially corruption free nations subscribing to principles of a measure of openness of information about government activity. The Income inequality in Sweden ranks low in the Gini coefficient, being 25.2 as of 2015 which is one of the lowest in the world, and ranking similarly to the other Nordic countries; although inequality has recently been on the rise and several central European countries now have a lower Gini coefficient than Sweden.