This is not exactly anything particularly new, but I saw this news piece on BBC news and thought I would post it here.

Women earn up to 60% less than men in the finance sector, an Equality and Human Rights Commission report says.

The research indicates that although numbers of men and women in the sector are equal, the pay gap is more than twice the national average.

As if it wasn't worrying enough that there is a national average pay gap between men and women. 

The study also points to a 79% gender gap for annual incentive pay for full-time workers.

The Trade Union Commission says the figures are evidence that the London is failing to shed its "impenetrable" glass ceiling.

Women working in the fund management, stockbroking and future trading areas suffer the largest pay gap, the commission says.

Trevor Phillips, who chairs the commission, thinks the industry is missing out on women's valuable input.

"We are losing or not taking advantage of talented women from a crucial industry - something we can ill afford in these troubled times," he said.

Too right.

"The city is failing miserably to shed its macho reputation and impenetrable glass ceiling," said Brendan Barber, General Secretary of the union.

The TUC is calling for the sector to tackle this culture with more pay transparency and more family-friendly career paths.

I'm glad that the commission is finally trying to tackle the problem of inequality in City jobs. I hope trade unions in other cities start to do the same thing.

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