The Liberal Democrats believe that every person, regardless of their ethnicity, should be allowed to reach their full potential in the workplace.
Today, Liberal Democrats set out plans to introduce mandatory reporting on the ethnicity pay gap for organisations with 250 employees or more.
Employee ethnicity data is currently patchy at best and there is no uniform way to collect it making monitoring and analysis difficult.
Announcing the policy, Tim Farron said:
“Jo Swinson fought an uphill struggle against the Conservatives in Coalition to get gender pay gap reporting into law, but the fight doesn’t stop there. It is shocking that in 21st Century Britain inequality that comes down to race still persists.
"Sunlight is always the best disinfectant and by bringing these gaps out into the open we can start to address the issue and speed up progress to create a more equal and fair workplace.”
Jo Swinson, Liberal Democrat Campaign Spokesperson and former Business Minister added:
“The gender pay gap and the BAME pay gap are a sign that we are failing to make the most of talent in the workplace, which is bad for our economy.
"Transparent data on the BAME pay gap will help employers focus on what they need to do to ensure equal opportunities at work for people of all ethnic backgrounds."
Dave Raval, Parliamentary candidate for Hackney South and Shoreditch said:
"As a business owner and a member of an ethnic minority group, I feel these steps are vital to ensuring fairness in the workplace for people of all ethnic backgrounds.
"The Liberal Democrats believe that in order to grow the economy we can leave no one behind, it is not only morally just but good business-sense to close the gap.”
Joe Richards, Parliamentary candidate for Hackney North and Stoke Newington said:
"Information is powerful, but while organisations are allowed to get away with keeping patchy records, we'll never know the full extent of the gap. Gender pay gap reporting is already making employers look again at how they attract, retain, promote and pay women and men, it is only right then that we apply the same standards to business to ensure fairness for people from ethnic minority backgrounds."