Norman Lamb
Main Page: Norman Lamb (Liberal Democrat - North Norfolk)Department Debates - View all Norman Lamb's debates with the Home Office
(6Â years ago)
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Victoria Atkins
I am grateful to the hon. Lady. I note that my very able Treasury colleague, the Economic Secretary, is sitting next to me and has heard her question. I am really proud that in 2015 we introduced shared parental leave and pay, which enables working parents to share up to 50 weeks of leave and up to 37 weeks of pay in the first year. In February, we launched a joint campaign with the Department for Business, Energy and Industrial Strategy to promote shared parental leave, because we get the point that awareness of it is not particularly high. That is why we have invested in spreading awareness of it.
Norman Lamb (North Norfolk) (LD)
Along with outrageous direct discrimination on pay, this reporting also highlights, as the Minister has indicated, persistent under-representation of women at the top level in organisations. Does she agree that this not only amounts to an injustice but is also economically stupid, because we are failing to make use of our human capital? We need to get the message out there that not acting on this is both wrong and stupid.
Victoria Atkins
The right hon. Gentleman has identified a very important point. In a recent report, McKinsey estimated that businesses that have more diversity in their leadership and senior positions add up to 15% to their turnover compared with their competitors that do not have that diversity. The message to businesses is very clear: have a diverse and qualified range of workers, because that will help your business—and of course it will help the wider economy and our society as well.