The pay gap between Black and white employees at Barclays increased last year, despite the UK lender bolstering the number of Black managing directors in 2022.

The average negative pay disparity for Black employees was 19.6% last year at Barclays, according to new figures published by the bank, which was an increase of 0.4 percentage points. Meanwhile, the bonus differential was 52.8%, a rise of 1.2 percentage points compared to 2021.