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Financial Services: Equal Pay

HM Treasury written question – answered on 7th June 2016.

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Photo of Ben Howlett Ben Howlett Conservative, Bath

To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the gender pay gap in the financial services sector.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

The gender pay gap is at a record low. New regulations require all firms with over 250 employees to publish their gender pay gaps. These regulations will increase transparency and accelerate progress, especially in sectors with large gender pay gaps such as financial services.

In March, the government launched the Women in Finance Charter which asks financial services firms to implement recommendations from Jayne-Anne Gadhia’s review into the representation of senior women in financial services.

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