On 29 September, McKinsey launched a new report – The Power of Parity: Advancing women’s equality in the UK.
The report looks at the economic case for gender parity in the UK. It shows that while girls may start life with the same chances as boys, at every stage thereafter the gender gap widens. Bridging that gap could add £150 billion to the UK economy in 2025. But to achieve that, both society and the workplace need to change at a faster pace.
With recent reports showing the gender pay gap persists at 18 per cent, and with upcoming legislation for mandatory gender pay gap reporting in 2017, London businesses are starting to sit up and take notice.
The solutions to inequality will not work in isolation – we hope this roundtable will help build consensus on the collective action from stakeholders across sectors that’s needed to boost performance and productivity in both the capital and across the UK.