12 March 2015

  |  CBI Updates Team

Update

Gender pay ruling

This week the House of Lords voted in favour of a proposed amendment to section 78 of the Equality Act, 2010 that, if made into law, will require the publication of information on earnings by gender in firms with more than 249 staff.

The CBI briefed peers in advance of the vote, arguing that while the gender pay gap must be reduced, there is no silver bullet solution. Mandated reporting offers us tick boxes and compliance when what we really need is cultural change. Resolving this issue means assessing a long-standing, complex social and educational issues.

In a small concession to businesses’ concerns on this Bill, peers supported the need for a consultation before any changes are implemented. This is a step towards the CBI’s position, reflecting our lobbying on this important issue.

We will continue to lobby on this issue and, if the Bill passes, we will push to ensure a strong consultation period with business to ensure that the approach taken is as effective as possible.

For more information, please contact katy.pell@cbi.org.uk