UK companies will be forced to reveal gender pay gap

Prime Minister David Cameron will announce today that all companies will be forced to reveal the gap between the average pay of male and female staff.

Over ten million workers will be affected by this decision. The gender pay gap currently stands at 19.1%. This means a woman, on average, will earn 80p for every £1 earned by her male colleague. A report last year ranked the UK 26^th for gender pay equality, behind Iceland and Rwanda.  

Ministers will not decide on exactly how the pay gap will be calculated until after a detailed consultation with businesses, who are already worried about the cost of the upcoming ‘national living wage.’

Writing in The Times, Cameron said: “Today I’m announcing a really big move: We will make every single company with 250 employees or more publish the gap between average female earnings and average male earnings.