Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he is taking to reduce the gender pay gap in the financial services sector.

The gender pay gap is at a record low. New regulations require all firms with over 250 employees to publish their gender pay gaps. These regulations will increase transparency and accelerate progress, especially in sectors with large gender pay gaps such as financial services.

In March, the government launched the Women in Finance Charter which asks financial services firms to implement recommendations from Jayne-Anne Gadhia’s review into the representation of senior women in financial services.