Former BT boss Philip Jansen has been awarded a £3.7 million pay package for the year 2023-2024, during which he announced 55,000 job cuts by 2030.

The boss of British Gas owner Centrica said his pay last year, £4.5 million, is impossible to justify.

The median FTSE 100 CEO’s earnings for 2024 has already surpassed the average annual salary, according to research from the High Pay Centre (HPC).

FTSE 100 CEO pay increased by 16% between 2021 and 2022, according to research from thinktank the High Pay Centre.