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Fat cats breaking the economy with 30% higher profits than pre-pandemic, landmark Unite study finds
The Bank of England in the City of London, February 15, 2024

THE Unite union laid blame for “broken Britain” at the feet of corporate bosses today as it revealed the extent of profiteering during and after the Covid pandemic.

Bosses lined their pockets while squeezing millions of staff and customers during the cost-of-living crisis, according to Unite’s analysis of company profiteering since 2019.

Britain’s greedflation crisis was laid bare as major profit rises were found in companies of all sizes across almost all sectors since 2018-19.

“Fat cats should not be stripping out excess profits while across the country too many people are unable to make ends meet.

“We can’t carry on like this. We need an economy that works for all.” 

A spokesman for the High Pay Centre think tank said: “The figures provide strong evidence that the UK economy is working to serve the interests of wealthy investors rather than working people.

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