Rachel Reeves pledges to close gender pay gap for women

Rachel Reeves, the first female Chancellor of the Exchequer, has committed to enhancing the lives of women in the UK by addressing the gender pay gap and improving workplace rights. She recognizes the significant responsibility of her role and aims to leverage it to create better economic opportunities for women. Her plans include investing in childcare and supporting female entrepreneurs through the Invest in Women Taskforce, which seeks to establish a funding pool exceeding £250 million for female-founded businesses. The Chancellor's initiative is backed by the Rose Review, which highlights the potential economic benefits of increasing female entrepreneurship in the UK. The review suggests that aligning the UK’s share of female entrepreneurs with that of similar countries could add £200 billion to the economy. This underscores the importance of supporting women in business and fostering an environment conducive to their success. On International Equal Pay Day, Reeves is hosting a reception at Number 11 Downing Street, gathering influential women from various sectors, including finance, technology, and the creative industries. This event aims to promote discussions around women's equality and the collective actions that can be taken to support women's ambitions in the workplace. Reeves emphasizes that everyone has a role to play in achieving gender equality, whether by supporting women in their personal lives or advocating for fairer workplace practices. Her commitment to these issues reflects a broader movement towards improving gender equity in the UK economy.