Women in the UK earn, on average, 14.9 pence less per pound than men, based on the latest data from the Office for National Statistics (ONS). This means that while men are getting paid from January 1, women have effectively worked for free for the first 53 days of the year. That makes February 23 “women’s pay day”.
The ONS gender pay gap is calculated by dividing the median pay for women by the median for men. The resulting ratio tells us that women earn, on average, 85.1 pence to the male pound – or 14.9% less.
