Because more equal societies work better for everyone
This report by The Equality Trust finds that Rush Hair Ltd (69.2%), Yours Clothing Ltd (59% and bonus gap: 88%), HSBC Bank PLC, (55.1% and bonus gap: 68.5%) and Easyjet Airline Company Ltd (54.7%) boast some of the highest gender pay and bonus gaps.
Friday 29th May is the 50th anniversary of the passage of the Equal Pay Act 1970. Yet, as recent high profile cases have shown, unlawful unequal pay, more appropriately known as pay discrimination, remains endemic. This report seeks to answer the question of whether gender pay and bonus gap reporting is contributing to the elimination of, or at least the reduction in, practices that contribute to unlawful pay discrimination.
New analysis by The Equality Trust, using the wealth estimates of Forbes and Credit Suisse, reveals a shocking level of wealth inequality in the UK, which has spiralled since 2010.
On the 49th anniversary of the passage of The Equal Pay Act 1970 (Wednesday 29th May), The Equality Trust releases a groundbreaking report ‘From Pin Money to Fat Cats: Pay Inequality in the FTSE 100’, an analysis of the FTSE 100-owned companies on a sector-by-sector basis in terms of CEO pay ratios, gender pay gaps and gender bonus gaps.
The use of private financing for public services has rapidly grown over the past 25 years, in both the global north and global south, with governments increasingly choosing private investment in infrastructure as a means of keeping down debt.