British lawmakers have launched a contemporary inquiry into sexism within the nation’s finance business, parliament’s influential Treasury committee mentioned in an announcement on Friday. The inquiry will assess points together with progress made in eradicating gender pay gaps, how greatest to help variety and combating sexual harassment and misogyny, the committee mentioned.

The transfer comes amid renewed scrutiny of sexual misconduct in finance, after hedge fund founder Crispin Odey was ousted from his agency in June after allegations of sexual misconduct collectively reported by the Financial Times and Tortoise Media. Odey has denied the allegations. A earlier inquiry by the Treasury committee known as for companies to abolish ‘alpha-male’ cultures, take away the stigma of versatile working and inspired companies to publish methods for closing gender pay gaps.

Finance is certainly one of Britain’s most profitable industries, but additionally certainly one of its most unequal. The common gender pay hole throughout 20 of the largest finance employers was 30.1% in favour of males in 2022, a Reuters evaluation in April confirmed, in comparison with the UK common of 8.3%. “Has the culture in this highly paid sector shifted at all in the last five years? This is a subject of marked importance to our Committee and we look forward to beginning work on this important topic,” mentioned Harriett Baldwin, chair of the Treasury committee.

The committee has requested for written proof to be submitted by Sept. 1.

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