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156813
star this property registered interest false more like this
star this property date less than 2014-11-19more like thismore than 2014-11-19
star this property answering body
Women and Equalities more like this
star this property answering dept id 31 more like this
star this property answering dept short name Women and Equalities more like this
star this property answering dept sort name Women and Equalities more like this
star this property hansard heading Business: Females more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Ministers for Women and Equalities, what steps her Department is taking to address the gender pay gap in the financial sector and to increase female representation at board level in FTSE100 companies; and if she will make a statement. more like this
star this property tabling member constituency Hackney North and Stoke Newington more like this
star this property tabling member printed
Ms Diane Abbott more like this
star this property uin 215168 more like this
unstar this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer less than 2014-11-26more like thismore than 2014-11-26
star this property answer text <p>The gender pay gap in the UK is at an historic low. In the financial &amp; insurance activities sector, the overall gender pay gap is (including both part time and full time workers) down from 44.3% in 2011 to 40.2% in 2014. However, the sector still has a completely unacceptable pay gap of around twice the national average, so more needs to be done. We are strongly encouraging more girls to consider maths and science-related careers through the “Your Life” initiative. Women in the sector will also benefit from the many other measures we are taking to drive the pay gap down further, including extending flexible working to all employees; introducing Shared Parental Leave; and bringing in new childcare tax provisions. We are also providing free software to companies for them to calculate any pay gaps and to analyse the causes of them.</p><p> </p><p> </p><p>The UK takes a voluntary approach increasing the numbers of women on boards. We are making progress with the Lord Davies business-led initiative to achieve 25% women on boards by 2015 and have moved from 12.5% to nearly 23% of women on the boards of the top 100 companies since 2011. For the first time, every board of Britain’s top 100 companies has at least one woman. Government will continue to work closely with investors, regulators, head hunters and businesses to implement his recommendation of 25% women on boards by 2015.</p><p> </p>
star this property answering member constituency East Dunbartonshire more like this
star this property answering member printed Jo Swinson more like this
star this property question first answered
remove filter
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1513
star this property label Biography information for Jo Swinson more like this
star this property tabling member
172
unstar this property label Biography information for Ms Diane Abbott more like this