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Daily Record
Daily Record
National
Mail Opinion

Fuel fat cats feasting on profit as families plunged into poverty

In February, Bank of England governor Andrew Bailey warned workers against asking for pay rises.

His message was that higher salaries would fuel higher prices driving inflation further out of control.

If people knew what was good for them they would need to just suck it up and take the pain.

Six months later, a very different picture is emerging.

Families are being driven into poverty by the worst cost-of-living crisis in living memory.

Meanwhile, energy company bosses are raking in massive salary and bonus packages thanks to the crippling gas and electricity prices we are all paying.

And one thing which all the experts agree on is that the number one driver of inflation is those very energy prices.

It is not teachers, shop workers, nurses and train conductors pushing up prices with modest wage demands.

Instead, it is the greedy CEOs who actually set prices and are determined to protect their profits and multi-million pound pay deals.

One such boss is ScottishPower chairman Ignacio Galan who took home over £11million despite facing fraud, bribery and breach of privacy allegations.

While Galan leads the pack by a considerable distance, he is not alone in brazenly raking in outrageous pay.

Centrica CEO Chris O’Shea is waving his bonus but he will still take his £775,000 salary.

Perth-based SSE boss Alistair Phillips-Davies was handed a 47 per cent hike after soaring bills sent his compensation to £4.5million.

EDF boss Simone Rossi earns around £1million and EON CEO Leonhard Birnbaum is understood to have earned £2,547,481.

We are certainly not all in this together, and the greed of those at the top is fuelling the pain for everyone else.

Love is answer to life's knocks

MS sufferer Scott McPhillimy is spending his life savings to access treatment in Mexico in a desperate bit to stay alive.

For the last seven years, he has been cared for by wife Suzanne.

But she has now been left in a wheelchair after a brain bleed and Scott is determined to be around to look after her.

Their story is a heartbreaking reminder of the tragedy which life can serve up – but it also demonstrates the uplifting power of love.

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