Released on the day Barclays slid to a near-£2bn loss, the bank’s 2017 gender pay gap report shows there are big pay gaps between men and women in all three parts of the banking group in the UK. For basic pay excluding bonuses there was a median hourly gap of 43.5% at Barclays International, which includes the investment banking business. Barclays group service, which includes operations and technology, had a salary gap of nearly 30% and a bonus pay gap of 24%. Barclays said it was “confident that men and women at Barclays are paid equally for doing the same job”. Under UK legislation introduced last year, companies with more than 250 employees have to publish their gender pay gap on an annual basis, withall companies due to report by 5 April.

Source: The Guardian February 22, 2018 16:18 UTC