Skip to content
Search

Latest Stories

Annual ethnicity pay reporting may become mandatory for larger UK firms

THE Commission on Race and Ethnic Disparities, set up by Boris Johnson last summer, has been examining disparities in the employment market and is expected to report its findings to No 10 by the end of this month, reported The Guardian.

The commission is expected to urge the government to commit to making annual ethnicity pay reporting mandatory for larger firms, the report added.


According to the report, companies could be ordered to disclose any pay gap between white employees and their minority ethnic colleagues under reforms supported by Johnson’s race equality advisers.

Lord Woolley, the head of No 10’s race disparity unit until last July, said: “The ethnicity pay gap legislation is the lowest hanging fruit to acknowledge and tackle race discrimination in the workplace. While this is to be welcomed, we mustn’t forget that a more comprehensive Covid-19 race equality strategy is needed to cover wider aspects of systemic racism in the workplace, in health, and in education."

Earlier, ministers have committed to making annual ethnicity pay reporting mandatory for companies that employ more than 250 people. But further developments have not materialised after more than two years. Last year, more than 130,000 people signed a petition calling on the government to make ethnicity pay reporting mandatory.

As anti-racist protests were held in numerous cities in June, Johnson pledged to establish the commission to investigate all aspects of racial inequality in the UK. Equalities minister Kemi Badenoch was assigned to oversee the review.

The commission is led by former charity boss Tony Sewell, a colleague of Johnson during his time as London mayor. It was supposed to release a wide-ranging report by the end of last year examining areas including criminal justice, health and education.

A survey conducted last year by PwC found that one in 10 firms were voluntarily publishing their ethnicity pay gap figures.

One in three ethnic minority workers say they have been unfairly turned down for a job, compared with just one in five (19 per cent) white workers, according to research released last week by the TUC.

“The report will be provided to the prime minister by the end of this month. The government will respond to the recommendations in due course," a UK government spokesperson told The Guardian.

More For You

Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less
Rachel Reeves

Reeves pledged to keep a tight hold on spending to reduce inflation and borrowing costs amid concerns over Britain’s fiscal outlook.

Getty Images

Reeves urges ministers to back Bank of England on inflation

CHANCELLOR Rachel Reeves has said the government must support the Bank of England in bringing down inflation while also focusing on growth, ahead of a budget later this year that is expected to include tax rises.

Last week, Reeves said the economy was not “broken” as she announced November 26 as the date for her annual budget.

Keep ReadingShow less