Vote 100 and International Women’s Day

Julie Elliott Excerpts

Thursday 8th March 2018 Commons Chamber

[Amber Rudd]

I thank my right hon. Friend, who has done such important work in this area. She will know that it was a manifesto commitment to bring this requirement forward. It is the law, and we will make sure that companies stick to it, abide by it, deliver on it and then, hopefully, make changes on it.

Equality is not just about getting women the same pay as men, but about getting women the same jobs as men. I have lost track of the number of meetings that I have sat in where I am the only woman at the table— I expect that I am not the only one to have found that. Women are still under-represented in a whole range of fields from politics to business, and we are particularly under-represented at the top.

We have made good progress since 2010, and have eliminated all-male boards in the FTSE 100, but only a quarter of directors in the FTSE 350 and only 4% of FTSE 350 chief executive officers are women. That is simply not good enough, and it is bad economics, too. We know that organisations with the highest levels of gender diversity in their leadership teams are 15% more likely to outperform their industry rivals, so we must think long and hard about what we need to do to improve those statistics.

[Julie Elliott (Sunderland Central) (Lab)]

I endorse what the Minister says about being the only woman in meetings; that still happens. Does she agree that when women reach senior levels in business and in work, they must be paid equally to men? Sadly, today, there are still many women doing the same work of equal value and not achieving equal pay.

[Amber Rudd]

The hon. Lady is absolutely right. Women must be paid the same as men. It has been illegal, for many, many years not to give equal pay for equal work, but we are trying to take that one step further with reporting on the gender pay gap. Hon. Members will know that there has been quite a lot of reporting on substantial banking and media companies, which has shown the scale of the gender pay gap. Managing directors and senior directors are having to take action as a result, which is very welcome.

I am pleased to support the Hampton-Alexander review’s targets of achieving 33% of women on boards and 33% in executive committees. It is not just about getting in; it is about getting on, and women deserve to get to the top of all the professions and to get as far as their aspirations will take them.

I end by reminding the House of the aspirations of Emmeline Pankhurst, who famously said of the campaign for suffrage that the suffragettes had to

“make more noise than anybody else”

for their cause to be heard and to enact the change that they wanted. Man or woman, we must continue the legacy of the suffragettes, suffragists and their supporters. We must all make enough noise so that the agenda that I have talked about continues to be realised. This is an important debate, and I urge everyone here to continue to “press for progress”, as the International Women’s Day slogan suggests, to finally achieve the true gender equality for which women have been fighting for so long.