UK regulators urged to make City firms report data on ‘class ceiling’

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The story "UK regulators urged to make City firms report data on ‘class ceiling’" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

UK regulators urged to make City firms report data on ‘class ceiling’ - Financial Times

Quick Summary:

It is unclear if the UK government will support making such reporting obligatory in financial services.

The letter shows that campaigners believe this year’s election of a Labour government has revived their chances of forcing the City of London to report on its socio-economic diversity.

Improving social mobility in the labour market could boost UK gross domestic product by £19bn, increase annual tax revenues by £6.8bn and lift profits by over £1.8bn a year, according to a recent report by the Demos think-tank and the Co-operative Group.