Gender pay gap in City 'shocking'


Published: 09 September 2009

Relatively few women reach the top ranks of financial firms. Men working in the UK's financial sector receive five times more in bonus payments than women, according to a survey of 44 leading companies. On average, women earn £2,875 compared with £14,554 for men, the Equality and Human Rights Commission found. Equality Minister Harriet Harman said the government was introducing "tough new measures" to tackle the pay gap. The BBC said the survey, commissioned by Ms Harman, was believed to provide the most accurate picture yet of pay differences within banks and insurance companies.

BBC News

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