Riverside in new `fat cat` pay rise row
The boss`s pay at Riverside Association rose by a massive 9.9 per cent during the past year, according to an annual survey published this week by the influential social housing magazine, Inside Housing.
Chief Executive Carol Matthews picked up £264,392. The 9.9 per cent increase by the Liverpool-based association is more than five times the average increase of 1.8 per cent for the 155 U.K. housing associations surveyed.
The 1.8 per cent increase was more than the increase a year ago. “This year’s results are likely to be a particularly thorny issue coming amid huge inflation, the cost of living and energy crises, and debates on capping or freezing social housing rents to protect tenants" ,says Inside Housing.
The campaigning group, Carlisle Tenants` and Residents`Federation criticised the massive pay rise for Ms. Matthews.
A spokesman said: This is not the first time that Riverside has led the way in over – the - top rises for its bosses. And it is not the first time that we have pointed out that Riverside continues with these fat cat rises because it can continue with them.... it is accountable only to itself”
Community Voice Carlisle is the blog of Carlisle Tenants` and Residents`Federation. Information about the Federation is available on 01228 522277.