Today is International Women’s Day, celebrating women’s achievements and this year pushing to #BreakTheBias against women to create a gender equal world.
Labour knows that women hold the key to a stronger economy. Companies in the top number for gender diversity are 25% more likely to have above-average profitability and companies with more than 30% women executives are more likely to outperform other companies. Women-led SMEs contribute around £85 billion to our economic output.
1 in 3 entrepreneurs are women, but there is evidence that in financing and for new business loans less women are getting access. That’s just one of the areas where we still need to see change.
That’s why I’m backing this move to #BreakTheBias. To build a world where women and girls have an equal chance free of bias, stereotypes and discrimination. We’ve come a long way, but there’s still a long way to go towards equality.
I’m also this International Women’s Day standing with the women of Ukraine, displaced by an unjust war and forced to hide or flee. My thoughts today are with them.