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Tania Bowers, Legal Counsel and Head of Public Affairs at The Association of Professional Staffing Companies (APSCo) said: “This new guidance brings further clarity on some of the questions we have been asked"

Earning more than your peers buys more happiness in more countries with a larger rich-poor divide.

“Earning more than others may improve an individual’s sense of wellbeing more in places where inequality is rife, but it also means that they are likely to suffer more psychologically if they move down the income rankings."