Business and Economy

Beyond Bailouts: The Equality Trust signs a letter to Prime Minister

The Equality Trust has joined 30 civil society organisations in writing to the Prime Minister demanding that details of Government bailouts be made public post COVID19. Britain needs an economy rebuilt on solid foundations to emerge from this crisis healthier and stronger. Part of this must be a change in how companies operate. Putting conditions on public bailouts paves the way for this to happen. 

You can read the full letter below:

The Rt Hon Boris Johnson MP

The Equality Trust Calls for Full Pay Transparency on 50th Anniversary of the Equal Pay Act 1970

Fifty years after the Equal Pay Act 1970 was passed, The Equality Trust is calling for full transparency of pay structures. At a conference to mark the 50th anniversary of the passage of the Equal Pay Act 1970, the national charity will release a report into pay discrimination in the FTSE 100 entitled “Fifty Years is Long Enough: A Report by The Equality Trust into Unlawful Pay Discrimination”. 

The key findings are that:

Fat Cat FTSE CEOs creamed off 212 times more than a minimum wage worker

The Equality Trust’s analysis shows that the average CEO took home 90 times the salary paid to a senior teacher, 186 times the salary paid to a carer and 212 times the salary earned by a minimum wage worker. Based on figures released by the CIPD and High Pay Centre, the average FTSE 100 CEO was paid £3.46m in 2018, earning the average wage before 5pm on Monday 6th January.

Dr Wanda Wyporska, Executive Director, The Equality Trust commented: