Managing Partner, Natasha Frangos, has been featured in the Evening Standard, discussing why the budget is a big moment for Women in business.
This week’s Budget represents a pivotal moment in British history. It is not only Labour’s first Budget in 14 years but, for the first time in 110 Chancellors and 291 years, it will be delivered by a woman. This change is reflective of the progress that has been made in women’s leadership in politics and other sectors but there is still much more to be done. In the light of the Autumn Budget, let’s take stock of the significance of this moment by not only examining the economic challenges we face in this country but also the urgent need to foster a more equitable and, ultimately, prosperous future for all.
Women have historically faced barriers to leadership, and despite recent progress, gender representation in senior roles remains unequal. In 2023, female representation on FTSE 100 Executive Committees reached 30% for the first time, but only 10 companies within this group are led by female chief executives. Additionally, only one in three UK entrepreneurs is female, with women’s average starting capital 50% lower than men’s.
