Labour is desperate to come across as business-friendly. Last week, the party said it will no longer reinstate a cap on bankers’ bonuses, and that it will ‘unashamedly champion’ the financial services industry. But how to square that with the party’s new Race Equality Act?

Most people understand equal pay to mean exactly what was intended when it became law in 1970: that remuneration must be the same for two identical jobs within an organisation, regardless of who is in post. But