Ethnicity pay gap reporting

That this House notes the efforts of Business in the Community to help cross-sector employers better understand ways that ensure the UK workplace is a place that Black, Asian and Minority Ethnic (BAME) employees, business owners, entrepreneurs and communities feel they belong; further notes the potential benefit to the UK economy is estimated at £24 billion annually if BAME individuals are fully represented across the labour market; notes its concern that racial disparities have been highlighted by the covid-19 pandemic; regrets that leadership and management roles across public and private sectors does not reflect equity of the BAME population; urges the Government to introduce mandatory ethnicity pay gap reporting alongside gender pay gap reporting; and further urges the Government to require employers to set and publish targets so that BAME individuals are better represented at senior levels.