Rachel Reeves said that it is a huge responsibility to be the Chancellor of the Exchequer and committed to the cause of closing the huge gender pay gaps in today’s society. She announced her move when talking about the Invest in Women Taskforce, which aims to increase investment funding pools for female founders, the Chancellor vowed to improve the economic opportunities available to women.
Ms. Reeves stated, “It is a huge responsibility to sit in the Treasury as the first female Chancellor of the Exchequer and be able to use my position to improve life for women across the UK – one that I don’t take lightly. That includes ending the gender pay gap, strengthening rights at work, and investing in childcare. And by backing the Invest in Women Taskforce we can establish one of the world’s largest dedicated investment funding pools for female-powered businesses, helping grow our economy. This event gathers together some very powerful women, but the truth is everyone can do something for women’s equality – whether that’s supporting the women and girls in their lives with their ambitions or making their workplace a fairer playing field.”
The task force aims to raise £250 million for female-founded businesses through private capital. This makes this task force one of the world’s largest investment funding pools aimed solely at female founders.