Centrica CEO Pay Rise

That the Parliament is dismayed by the reported pay rise awarded to the chief executive of Centrica, the company that owns British Gas; understands that he received a 44% rise in his pay in the last year, taking his salary to £2.4 million; further understands that this means he receives 72 times that of an employee in the lower quartile of its salary range; believes that this huge increase is particularly unjustifiable at a time when hundreds of British Gas staff in Glasgow are being made redundant; considers this move to be another example of a toxic corporate culture, which awards huge salaries and bonuses to executives rather than retaining staff or improving affordability for customers, and calls on Centrica to reconsider its salary structure and change its focus towards supporting its thousands of staff across the country who are facing the threat of redundancy.