<\/p>Regarding wider work to improve diversity in the UK labour market, we are supporting the government commissioned Hampton-Alexander review to push for 33% of all board and senior leadership positions to be held by women by 2020 in the FTSE 350. Government also fully supports the Parker Review, which recommends that FTSE100 and 250 boards should have at least one director of colour by 2021 and 2024, respectively. The Prime Minister also launched the Race at Work Charter and a consultation on mandatory ethnicity pay reporting as part of a package of measures to make the workplace fairer for people from ethnic minority groups. Over 150 employers have signed the Race at Work Charter, including a number of financial services firms.
<\/p>Equal pay for men and women doing the same work, equivalent work or work of equal value, has been a legal requirement since 1970. The Government remains fully committed to the Equal Pay protections in the Equality Act 2010.
<\/p>In 2017, the Government introduced regulations requiring large employers across all sectors, including financial services, to publish the differences in what they pay their male and female staff in average salaries and bonuses annually. The gender pay gap is caused by many factors and does not necessarily mean an employer has breached equal pay laws. Transparency is key to highlighting gender-based differences in pay and enabling employees to hold their employers to account, particularly where equal pay law may have been breached. "} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"} } , "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"} , "dateOfAnswer" : {"_value" : "2019-07-02", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2019-07-02T16:02:39.73Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2019-06-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Financial Services: Equality"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what steps they have taken to ensure that the UK financial sector (1) increases its diversity, and (2) ensures equal pay.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"} } , "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"} ], "uin" : "HL16517"} , {"_about" : "http://data.parliament.uk/resources/1133052", "AnsweringBody" : [{"_value" : "Cabinet Office"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1133052/answer", "answerText" : {"_value" : "
The then Leader of the House of Commons responded to the Committee's report on 26 January 2018. In her response she committed to asking officials to consider carefully where the Committee's recommendations can be factored into our processes.<\/p>
The Committee made two recommendations that the Government cannot support, relating to consultations and a legislative standards committee. First, on consultations, the Government agrees that timelines for consultations should be proportionate and realistic to allow stakeholders sufficient time to provide a considered response. However, within these parameters, consultation lengths should be adaptable to the complexity of policy and legislative. Second, on a legislative standards committee, the Government is committed to bringing forward well-drafted legislation of the highest quality but does not believe a legislative standards committee would add to this process.The PBL Committee already serves as a strict gatekeeper to legislation being introduced to Parliament. Furthermore, it is generally not possible to separate views on the standards of a bill from views on the appropriateness of the underlying policy, for which the bill stages in each House already provide the appropriate forum for debate and scrutiny. The Committee\u2019s remaining four recommendations continue to be useful to Government and, as the then Leader of the House of Commons said in her response, are being factored into our processes as appropriate.<\/p>"}
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], "questionText" : "To ask Her Majesty's Government what proportion of the recommendations in the report of the House of Lords Constitution Committee The Legislative Process: Preparing Legislation for Parliament (HL Paper 19), published in October 2017, they have not accepted and implemented.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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