Mary Macleod Portrait Mary Macleod
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Yes, that is an excellent initiative. There is another scheme under which the chairmen and chief executives of various boards mentor the next level of senior women in the City, which is working extremely well.

The second area I want to address is women’s entrepreneurship. Again, there is a lot we need to do. The Federation of Small Businesses published a report suggesting that women in the UK could make a much more significant contribution to the economy. Currently, women constitute only 29% of the self-employed population in the UK, despite making up 46% of the active working economy.

Sarah Newton Portrait Sarah Newton (Truro and Falmouth) (Con)
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In respect of both that point and the issue of women’s representation in larger organisations, does my hon. Friend agree that there are two types of discrimination at play: an ageist attitude as well as an attitude against women? Does she also agree that, given that from now on women will be working for much longer and flexible working will be far more widely available, women will be more able to fulfil their desire to have both a family and a career?

Mary Macleod Portrait Mary Macleod
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My hon. Friend is entirely right. We must have flexible working in order to make progress. We need more examples like Cath Kidston in Chiswick in my constituency. She has set up her shops from scratch and has been incredibly successful. In the UK, 150,000 start-ups would be created per year if women started businesses at the same rate as men.

The third area I want to talk about is very dear to my heart: women in politics. The hon. Member for Na h-Eileanan an Iar (Mr MacNeil) talked about Rwanda and how well it has done politically. We currently have the highest number ever of female representatives in the House of Commons and the Lords, but it is still low; it is still just 22% in the House of Commons, and more needs to be done. That is why I have set up the all-party group for women in Parliament to look at how we can take the issue forward and work together across the House to make sure that we keep delivering change and give women the opportunity to get into politics. The key is for women to work together, act as role models, and reach out and mentor the next generation of women in politics. We must also break down the barriers that undoubtedly still exist.