ONS data reveals gender pay gap has fallen to its 'lowest level yet'

05 Nov 2018

Data published by the Office for National Statistics (ONS) has revealed that the gender pay gap has fallen to its 'lowest level yet'.

The statistics showed that, in the year to April 2018, the gender pay gap for full-time employees fell to 8.6%, from its previous figure of 9.1%.

However, experts have warned that the gap is 'closing too slowly'.

Sam Smethers, Chief Executive of the Fawcett Society, said: 'This slow rate of progress means without significant action, women starting work today and in decades to come will spend their entire working lives earning less than men.'

Meanwhile, the Trades Union Congress (TUC) stated that, at the current rate of progress, it will take around 55 years to achieve pay parity between men and women.

The TUC has urged the government to 'crank up the pressure' on UK employers, and called for companies to be required by law to 'explain how they'll close' their pay gaps.

icaew logo acca logo sage logo sageone logo bas xero

Home | Contact us | Accessibility | Disclaimer | Help | Site map | © 2024 Madisons. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Madisons is a trading name of Madison Business Services Limited Registered office: Bushbury House, 435 Wilmslow Road, Withington, Manchester, M20 4AF. Company Number: 03800186, VAT Registration Number: 741 1182 67 Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our Audit Registration can be viewed at www.auditregister.org.uk.
Telephone: 0161 434 3535 | Fax: 0161 445 0430 | Email: enquiries@madisons.co.uk.

Address
Madisons, Bushbury House, 435 Wilmslow Road, Withington, Manchester, Lancashire M20 4AF