Guest post by Paul Hodges
Whilst the number of working women in the UK continues to rise, since 2009 their total earnings have been falling in real terms. With consumer spending contributing to roughly 60 per cent of the UK economy, this has important implications for the sustainability of the current recovery.
Nearly 14 million women are working today compared to nine million in 1971, whilst their participation rate in the workforce has increased from 59 per cent to 75 per cent today.
There has also been a sustained rise in women’s pay relative to men.