Gender pay gap 'significant in banking sector'

The pay gap between men and women in the UK's banking sector is significant, it has been claimed.

According to Tatjana Hine, president of the British Association of Women Entrepreneurs, the industry is the "worst there is" in terms of pay discrimination.

She made her comments in the wake of figures produced by the Equality and Human Rights Commission, which showed that female employees earn an average of £2,875 in annual performance related pay, compared with an average of £14,554 for men.

This represents a gap of 80 per cent.

Ms Hine said: "It was originally a very male dominated sector and still is to some extent. It's a lot of long hours and a play hard, work hard sector. Again obviously women are not always able to do that."

However, she also claimed that steps are being taken to address inequalities in remuneration, adding that things are changing "slowly".
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08/09/2009 15:28

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