Oral Answers to Questions

Jim Cunningham Excerpts

Thursday 28th June 2018 Commons Chamber

[Dr Fox]

Of course, we will continue to do that; it is a very successful programme. But perhaps more usefully we can help to get small businesses the finance they require to get into the exporting business. Last year, in a change from the previous pattern, 78% of all the UK export finance agreements were done with small and medium-sized enterprises in this country.

[Mr Jim Cunningham (Coventry South) (Lab)]

Has the Secretary of State looked at the impact of tariffs on British investments overseas?

[Dr Fox]

Tariffs in general are one of the areas we want to be able to look at when we leave the European Union. Of course the setting of tariffs is a legal power that we do not yet have. To be able to take full advantage of alternatives—reductions in tariffs, for example—this House will have to pass the customs Bill, which is coming back shortly. I hope that we can count on the hon. Gentleman’s support on that.

--- Later in debate ---

[Victoria Atkins]

We are conscious of the difficulties of scale in small businesses, which is why the Women’s Business Council toolkit is available to employers of any size. We have also appointed the Business in the Community age at work leadership team as the business champion for older workers. We very much hope that its work will help employers and women understand their rights.

[Mr Jim Cunningham (Coventry South) (Lab)]

6. What steps the Government are taking to increase the number of women in FTSE 100 finance chief roles.

[The Minister for Women and Equalities (Penny Mordaunt)]

We are supporting the Hampton-Alexander review targets for women to hold 33% of all senior leadership and board positions in the FTSE 100 by 2020. Some 29% of the FTSE 100 board positions are now held by women, which is up from 12.5% in 2011.

[Mr Cunningham]

I thank the Minister for that answer, but I am sure that she would agree with me that, lower down the scale, a lot more needs to be done in terms of pay equality for women. Will she also have a discussion with her colleague at the DWP regarding the 11,000 WASPI women in Coventry who were born after 1951 and who are living in poverty to a certain extent because they cannot get their pension?

[Penny Mordaunt]

The hon. Gentleman raises an important point. I am keen to look at a broader range of women than the Government Equalities Office has perhaps previously focused on, including the category of older women. We are really trying to look at everything facing women at that point in their life, including their caring responsibilities, their financial fragility and the options they have to stay economically active.