BoE shines light on its gender pay gap

Equal pay: BoE is aiming to reduce the gap in salaries between genders

The Bank of England revealed the extent to which men are paid more than women across the organisation on September 13.

In 2016, the average male employee was paid £61,807 ($81,700), compared with £50,278 for the average woman, a gap of 18.7%. The median male employee was paid £55,828, versus £41,082 for the median woman, a gap of 26.4%.

As the Bank of England notes, the main factor driving the differential is the higher proportion of men in the highest-ranking positions. The lowest-paid quartile

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