Women and the Economy

Alan Mak Excerpts

Wednesday 9th December 2015 Commons Chamber

[Kate Green]

I shall not presume to speak for every woman’s attitude towards the Chancellor, but his policies have certainly been damaging for a substantial number of women.

[Mr Alan Mak (Havant) (Con)]

Figures show that around 60% of women will benefit from the new national living wage. Does the hon. Lady accept that it was wrong of her party to oppose it in the summer Budget?

[Kate Green]

The hon. Gentleman is wrong to say that my party opposed it; we did not. We did say that it would not be sufficient to compensate for the cuts to tax credits and benefits. He might also like to know that analysis has shown that the people who will benefit from the national living wage are not the same ones who will lose out from the cuts to tax credits and benefits. This nonsense, this sleight of hand, about the figures does Conservative Members no credit. They should be prepared to come clean about who will benefit from their policies and who will not.

In the autumn statement, under pressure from Opposition Members, the Chancellor was forced to make changes to his plans. The cuts to tax credits have not been abandoned, however; they have merely been delayed. The same savings will still be made elsewhere in the system, and women will still lose out. According to a Library analysis commissioned by my right hon. Friend the Member for Normanton, Pontefract and Castleford (Yvette Cooper), women will be hit three times as hard as men by the cuts in this year’s summer Budget and in the autumn statement. That is three times as hard in six short months, and in just two spending announcements. Many of the Chancellor’s policies that are inimical to the interests of women remain firmly in place.