COMPANY bosses have bagged huge pay rises as workers face continued wage cuts and stagnation, according to research by a leading think tank published today.

A study of annual reports from FTSE100 companies by the High Pay Centre reveals that the average take-home pay for a chief executive jumped by 10 per cent from £4.96 million in 2014 to £5.48 million last year.

The research also shows that, on average, chief executives were paid an astonishing 140 times more than their staff.