Identify your governance, risk and compliance gaps June 7, 2022 Financial services firms must prepare themselves for the regulatory challenges ahead. Anticipating potential risk is vital, be it the Ukraine conflict, runaway inflation or the faltering post-pandemic economic recovery. Governance, risk and compliance professionals are required to manage these external pressures in the context of a hyper-competitive job market, an expanding regulatory and environmental, social [...]
Gender pay gap: Women who have children work two months free every year February 23, 2023 The gender pay gap is almost 15 per cent, and widens “dramatically” after women have children, according to the TUC. The TUC said its study suggested that the average woman in paid employment effectively works for free for nearly two months of the year compared to the average man. The gender pay gap means that [...]
Gender pay gap grows in past year but is – slowly – falling in the longer term October 27, 2022 The gender pay gap has grown over the past year as inflation sweeps the UK, but a longer-term trend reveals that the figure is – albeit slowly – declining. The difference in pay between men and women stood at 8.3 per cent in April of this year, up from 7.7 per cent in the same month a year prior, according to [...]
Growing ‘valley of death’ funding gap could scupper UK tech ambitions, industry bosses warn February 22, 2023 A growing ‘valley of death’ funding gap facing the UK’s tech sector could scupper the government’s Silicon Valley ambitions as firms struggle to raise cash and fuel growth, tech investors have warned. Venture capital funding into the UK faltered last year amid a global slowdown as soaring inflation and market volatility caused investors to pull [...]
UK public procurement reforms could create £4bn ‘accountability gap’, campaigners warn January 8, 2023 Plans to overhaul the UK’s public procurement processes risk creating an “accountability gap” around the use of public funds, anti-corruption campaigners have warned. The plans, which aim to make it easier for small businesses to win contracts from the UK government, seek to simplify the country’s procurement processes and make them easier to navigate. The [...]
TUC urges action on gender pensions gap May 19, 2022 Unions are stepping up calls to tackle the “huge problem” of the gender pension gap after a study suggested that in many industries women have workplace pensions worth less than a fifth of male colleagues. The TUC dubbed Thursday ‘gender pensions gap day’, when it estimated that women pensioners start getting paid because retired women [...]
Closing the gap: gender lens investing and the future of finance May 31, 2022 Public perception of gender equality issues runs in a repetitive cycle. We’ve all seen it. A scandal breaks out, or a study discovers yet another damaging disparity. Think pieces are written, hands are wrung, and companies promise to do better. Then the public’s attention moves on until another cycle starts. Actual change comes very slowly, [...]
Next steps: Gap builds on UK return with re-introduction of Banana Republic and Athleta brands November 21, 2022 Gap has added a pair of apparel brands to its joint venture with Next, after the fashion firm left the high street amid the pandemic. The e-commerce retailer said it will re-introduce Banana Republic and Athleta products to the UK via Next’s Total platform. The US retailer shut its 81 stores in the UK and [...]
L&G report: Inflation is widening gap between rich and poor with ‘pay cut’ for 95 per cent of UK households March 27, 2023 Legal & General’s Rebuilding Britain Index (RBI) found that 95 per cent of working UK households have experienced a real terms pay cut over the last 12-months as rising inflation makes its way felt into nearly all households. UK inflation has surpassed forecasts and stayed in the double digits and the rate of price increases [...]
Pandemic widened gap between Premier League and European rivals, says Deloitte August 18, 2022 The pandemic saw the Premier League increase its financial advantage over its rivals in European football, according to a report published today by Deloitte. Despite the almost total absence of ticket revenue as supporters remained locked out of stadiums, Premier League clubs grew revenue during the 2020-21 season and, unlike their competitors, reported improved operating [...]