SMEs accounted for 60 per cent of private sector employment at the beginning of 2015 and are truly the lifeblood of our economy. Without this demographic’s innovation, trailblazing initiatives and honest contribution to our society, the UK’s financial position would be less Richard Branson, and more Kanye West – who claims to be in $53m worth of debt despite being the “world’s greatest rock star”, or at least I’m told.Big Business no doubt makes a significant contribution to chancellor George Osborne’s balance sheet. However, it’s clear to see from recent newspaper headlines that more needs to be done to improve transparency in order to avoid any repeat offending by the crooks at the likes of Google, Starbucks and Facebook, to name just a few. The issue of transparency spans much more than financial issues and barely-legal tax avoidance practices. This week the fat cats were left with all nine lives intact after plans to force companies with more than 250 employees to disclose how much they are paying male and female staff were postponed until at least 2018. Under the plans, a league table of around 8,000 firms, which would name and shame the worst offenders, will be published in the hopes of tackling a problem that is almost unimaginable, yet continues to exist in the 21st century. I support the plans so much so that I see no reason as to why it shouldn’t be expanded to include every business. It’s common sense that men and women should be paid the same, but as we all know, common sense ain’t that common.
Read more from Charlie Mullins:
- Business owners need to consider what the EU referendum will mean
- Sending Job Centre staff into classrooms would be brilliant
- “George Osborne’s apprentices” could return the UK to economic greatness
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