My hon. Friend has done incredible work on her private Member’s Bill. Officials and I are looking at it very closely. I applaud her for her work not just on that but generally. She is a staunch, hardworking Member for her constituents. That is why I am pleased to be here and to have taken on this important portfolio, for as long as it may last—hopefully years rather than days.
Irrespective of who is at the Dispatch Box, the Government are committed to ensuring that the UK is the best place in the world to work and grow a business. We need a strong and flexible labour market that supports participation and economic growth. Let me put on record why the Government support the legislation. When we talk about female economic empowerment, we tend to talk about positive facilitative policies: parental leave and pay, flexible working, women on boards and so on—policies looking to drive positive action to achieve better outcomes.
We are taking huge strides to deliver equal opportunities for women in the UK. They include mandatory pay gap reporting, the largest ever cash increase in the national
living wage in 2022 and passing the landmark Domestic Abuse Act 2021. It is pleasing to see that nearly 2 million more women are in work since 2010. The number of women on FTSE 350 company boards is up by over 50% in just five years. The number of women in FTSE 100 company boardroom roles has jumped to 39% from 12.5% 10 years ago. There is a higher percentage of women on FTSE 350 company boards than ever before. As my hon. Friend the Member for West Bromwich West pointed out however, there are some very negative statistics that we need to address.