Base salary, benefits and other allowances

The Chief Executive’s base salary, having remained unchanged in 2010, was increased by 3.7% with effect from 1 April 2011. The Chief Financial Officer’s base salary was increased by 3.0% with effect from 1 April 2011. This compared with average levels for other UK based employees, who were awarded a base salary increase generally of between 3% and 4%.

Executive directors’ base salaries are shown in the table below.

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As at 1 April

 

2011
£

2010
£

Javed Ahmed

700 000

675 000

Tim Lodge

394 000

382 500