Journalist Carrie Gracie gives evidence to the Digital, Culture, Media and Sport Committee. She quit her post to protest the gender pay gap. PA via AP
Journalist Carrie Gracie gives evidence to the Digital, Culture, Media and Sport Committee. She quit her post to protest the gender pay gap. PA via AP
Journalist Carrie Gracie gives evidence to the Digital, Culture, Media and Sport Committee. She quit her post to protest the gender pay gap. PA via AP
Journalist Carrie Gracie gives evidence to the Digital, Culture, Media and Sport Committee. She quit her post to protest the gender pay gap. PA via AP

BBC management treat women who fight for equal pay as 'enemies', says broadcaster's former China editor


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A senior BBC journalist who quit her post to protest the gender pay gap says management is hurting the corporation's credibility by failing to address the issue.

Carrie Gracie, the broadcaster's former China editor, says BBC managers have treated women who speak out about pay "as some sort of enemy."

Ms Gracie, 55, has said she was told she was paid less than male counterparts because she was "in development".

"It is an insult to add to the original injury. It is unacceptable to talk to your senior women like that," she said.

Ms Gracie has worked for the BBC for more than 30 years.

In a passionate speech, she told the committee of lawmakers on Wednesday the BBC are: "not in the business of producing toothpaste or tyres at the BBC. Our business is truth. We can't operate without the truth.

"If we're not prepared to look at ourselves honestly, how can we be trusted to look at anything else in reporting honestly?"

The BBC have reportedly offered to pay her £100,000 in back pay after the inequality came to light. Ms Gracie said the offer "sounds like a tacit admission of pay discrimination"

Lord Tony Hall, the director-general of the BBC, appeared in front of the committee to answer questions about both Ms Gracie’s individual case and the wide issue of equal pay at the national broadcaster.

Mr Hall said "I hold Carrie in the greatest regard”. He called her work "first rate".

The BBC boss admitted that the outcome of Ms Gracie's grievance procedure "did say very clearly that we got some things wrong".

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Tony Hall tells the committee: "I profoundly believe the BBC needs to demonstrate we are paying equally."

He went on to say that the BBC does not discriminate on gender but he believes there are differences in the amount of work between being editor in China and North America.

Tensions over pay flared last summer when the BBC released a list of top earners that showed many high-profile women earned far less than their male counterparts.

She said that management's failure to address the problem was "damaging the credibility of the BBC in a completely unacceptable way."

Ms Gracie resigned from her post in early January, after learning that male colleagues in similar jobs had much higher salaries.

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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