From The Independent · · 1m 30s
Labour women MPs: £113bn lost by excluding women from work
Female Labour MPs warn the economy loses over £113 billion annually because women lack equal pay and work terms with men.
In brief
Female Labour MPs warn the economy loses over £113 billion annually because women lack equal pay and work terms with men. Female Labour MPs warned Chancellor John Healey that the UK economy loses £113bn yearly because women are excluded from equal paid work, ahead of Wednesday's Budget. Originally reported by The…
Female Labour MPs issue Budget warning
A dozen female Labour MPs and the Women's Budget Group are publishing a report on Tuesday warning Andy Burnham and John Healey that £113bn is lost annually because women lack equal work terms.
The £113bn figure explained
Analysis from the Women's Budget Group shows the UK economy loses £113bn in gross value added because women don't have equal pay and work terms with men.
“this is failure of design rather than an accident.”
The problem is getting worse
When the Women's Budget Group first conducted analysis in 2023, the figure stood at £88.7bn.
Emily Darlington's tech industry push
Milton Keynes Central MP Emily Darlington argues Britain could lead the world in tech if women are put at the heart of the industry.
Darlington calls for structural redesign
Darlington said traditional economic models have treated women's contribution as an afterthought. She called for structural redesign putting women at the heart of policy to unleash Britain's full potential and secure genuine economic growth.
“For too long, traditional economic models have treated women's contribution to the economy as an afterthought.”
Other MPs propose specific policy changes
Sarah Russell calls for a cap on childcare costs.Anna Dixon highlights that 28 per cent of NEET young women are economically inactive due to family responsibilities, compared to 6 per cent of young men.
The one thing
Female Labour MPs warned Chancellor John Healey that the UK economy loses £113bn yearly because women are excluded from equal paid work, ahead of Wednesday's Budget.
