Less talented rich pupils still earn more, says Greening. Image copyright Getty Images Low-ability youngsters from wealthy families go on to earn more money than their more gifted, poorer counterparts, says the Education Secretary Justine Greening.
Fairer outcomes remained an "entrenched" problem, she said, at an event promoting social mobility. Too many pupils fail to reach their potential, said Ms Greening. Making the most of all young people's talent was a "hard, cold, economic imperative," she said. Bosses' incomes are 386 times higher than living wage. Image copyright PA Bosses of the UK's 100 biggest firms earn 386 times more than workers on the National Living Wage, a survey found.
The Equality Trust charity compared the £5.3m average pay of a FTSE 100 chief executive with the £13,660 earned by someone on the living wage. The findings come as the government prepares to publish the findings of its consultation on corporate pay. One proposal suggested forcing firms to reveal the pay gap between their chief executives and average workers.
The government's green paper on corporate governance was opened to public consultation in November. Other suggestions aimed at curbing corporate pay included improving the effectiveness of remuneration committees and the extent to which they must consult shareholders and workers on executive pay levels. The Equality Trust, which was set up in 2009 and aims to reduce economic inequality, examined the 2015 annual reports of FTSE 100 companies. The charity found the company with the biggest pay gap was WPP. Record levels of poverty in working families. Reality Check: Has inequality been getting worse? The claim: Levels of inequality in the UK have been getting worse.
Reality Check verdict: Official figures suggest that income distribution has become less unequal over the past decade. Labour leader Jeremy Corbyn said on BBC Radio 4 on Tuesday morning that he would be interested in a cap on earnings, because "we cannot go on creating worse levels of inequality". Coincidentally, Tuesday morning also saw the release of the annual report on income inequality from the Office for National Statistics. It said that there had been a gradual decline in income inequality over the past decade. It is using the Gini Coefficient, which is a measure of inequality - in this case, a coefficient of zero would mean that all households had the same income while 100 would mean that one household had all the income. These figures are for disposable income, which is what you get after you've added benefits and subtracted direct taxes such as income tax and council tax. What could be missing from this analysis? University to lower entry grades for poor.
A leading university is to increase its intake of disadvantaged students by offering places with reduced grades.
The University of Bristol is to accept lower exam grades from disadvantaged local pupils and applicants from schools with poor A-level results. Vice-chancellor Hugh Brady said this would be a "step change" in admissions. The project is launched as admissions service figures show young people from poorer families are much less likely to apply to university. The Bristol project, to be launched by Education Secretary Justine Greening, is an attempt by the university to drive social mobility and attract a wider range of students. 'Potential' not exam grades The university, which gets eight applications for every place, will make offers two grades lower than the standard offer for applicants who have been at schools in the lowest-achieving 40% for A-level results.
Many universities, including Bristol, take into account whether students have had to overcome barriers in their education. Nearly half of Britons 'see background as key to success' Image copyright Thinkstock Nearly half of UK adults believe where people end up in life is mainly down to their background and parentage, a survey has suggested.
Fewer than a third (29%) of people questioned by the Social Mobility Commission think the UK is a country where everyone can succeed through talent and hard work. One-third of those surveyed said they could not save any money each month. Commission head Alan Milburn warned of an "us and them", "corrosive" society. Grammar schools: PM seeks to ensure places for poorer pupils. Image copyright Getty Images The expansion of grammar schools in England will be accompanied by conditions requiring them to take a proportion of children from low-income families, the prime minister will say.
Theresa May will also suggest allowing more faith groups to open free schools. Universities will be told they might have to sponsor an academy if they want to increase tuition fees. Mrs May will say a "belief in social mobility" drives the plans, but Labour says they will "entrench inequality". In a major policy speech on meritocracy, the prime minister will say: "For too long we have tolerated a system that contains an arbitrary rule preventing selective schools from being established - sacrificing children's potential because of dogma and ideology.
"The truth is that we already have selection in our school system - and it's selection by house price, selection by wealth. This could mean new grammars might have to: This year saw the biggest ever annual fall in GCSE results. Oxford University to have 'most state school students for decades' How do people justify earning more than others? Image copyright iStock There's been much discussion over WPP boss Martin Sorrell earning £63m in a year.
But how do you decide if one person deserves to earn more than someone else? Workers earning more than £27,000 - the UK median average salary - explain why they think they're worth it. "If I have a bad day I could do serious harm or kill a patient. Wealth of richest 1% 'equal to other 99%' Image copyright Getty Images The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.
It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality. How much inequality is too much? Image copyright iStock The richest 10% of Americans earn half of all of income. In Britain, the top 10% hold 40% of all the income. Inequality isn't just an issue for rich countries: a billion people have been lifted out of poverty since 1990, but inequality has also been rising in many countries too. Four experts talk to the BBC World Service Inquiry programme about the effect inequality has on growth and prosperity.
Deirdre McCloskey: Capitalism is not the enemy Deirdre McCloskey is Distinguished Professor of Economics, History, English, and Communication at the University of Illinois at Chicago.