UK Parliament / Open data

Women’s Contribution to the Economy

May I write to the hon. Lady on that, just as I will write to the hon. Member for Slough?

This has been a wide-ranging and informative debate. It is also a critical debate for our society and economy. I would like to conclude with a reminder of some of the findings of the Women’s Business Council, which reported last June and continues to work with the Government and business to drive forward this important agenda. It found that by equalising the labour force participation of men and women, the UK could increase economic growth by 0.5% per year, with potential gains of 10% of GDP by 2030. It also found that if women were setting up and running new businesses at the same rate as men, we could have an extra 1 million female entrepreneurs.

As the Prime Minister repeatedly says, we are now in a global race, and, as those figures from the Women’s Business Council show, it is a race that we cannot win unless we make full use of the skills and experience of everyone in our economy. I hope I have made it clear that this Government will do whatever it takes to ensure that we support women in the economy, and to transform the world of work so that many more women have the opportunity to achieve their aspirations.

3.42 pm

Type
Proceeding contribution
Reference
576 cc392-3WH 
Session
2013-14
Chamber / Committee
Westminster Hall
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