the economy and women n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
The Economy and Women PowerPoint Presentation
Download Presentation
The Economy and Women

Loading in 2 Seconds...

play fullscreen
1 / 14

The Economy and Women - PowerPoint PPT Presentation


  • 103 Views
  • Uploaded on

The Economy and Women. Sharon White – Director General, Public Spending. International Women’s Day. Outline. UK Economy in 2011 Outlook for 2012 Impact on women - Labour market; - Spending cuts Policy response. UK Economy 2011. OBR Assessment at Autumn Statement.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

The Economy and Women


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
the economy and women

The Economy and Women

Sharon White – Director General, Public Spending

International Women’s Day

outline
Outline
  • UK Economy in 2011
  • Outlook for 2012
  • Impact on women
    • - Labour market;
    • - Spending cuts
  • Policy response
obr assessment at autumn statement
OBR Assessment at Autumn Statement
  • High commodity prices pushed up inflation, depressing real incomes
  • Uncertainty from Eurozone weakened confidence
  • Impact of 2008-09 financial crisis on potential growth worse than previously thought
  • Lower forecast growth - and worsened public finances – spending cuts will extend to middle of next Parliament at least.
eurozone threat remains but appears to be receding
Eurozone threat remains, but appears to be receding

Evolution of consensus growth forecasts for 2012

  • Conditions have generally improved over last two months.
  • The anticipated contraction this year may be less severe than expected. Forward looking indicators suggesting stabilisation in economic activity.
labour market
Labour market
  • Female employment fell by less in the recession (<1%) than male employment (3.8%)
  • Reflects greater resilience to downturn of part-time working and public sector jobs
  • Female employment has bounced back by less in recovery than men’s though much closer to peak levels (women: 60,000 below peak; men: 400,000 below)
  • But risk to women of falling public sector employment
public sector cuts
Public Sector cuts
  • Fiscal consolidation mostly through spending cuts not tax rises
  • No gender breakdown available but protected areas of spending include:
    • Health
    • Schools
    • Aid budget
    • Defence equipment
  • Welfare (tax credits and social grants benefits) being cut alongside public services
slide14

Getting public finances back on track: maintain market confidence; keep interest rates low

  • Maintaining flow of credit: Quantitative easing; credit easing – especially for small and medium sized businesses
  • Reforming financial system: New regulation to reduce risk of another crisis
  • Growth strategy: Big boost to infrastructure