Philip Hammond's budget focussed on productivity. But we can’t have a properly productive economy until the gendered nature of work is taken seriouslyby Erin Mansell / November 28, 2017 / Leave a comment
Boosting productivity, Philip Hammond said in his Budget speech, is “the key to delivering our vision of a stronger, fairer, more balanced economy.” Yet once again, like previous chancellors of all political colours, he overlooked a key group with huge potential to boost productivity—women.
The Chancellor demonstrated that he thinks to “choose the future” is to choose men; extending the productivity investment fund to £31 billion to invest in physical infrastructure and technology, and focussing on house-building to support home-ownership, when the Women’s Budget Group has shown that women are overrepresented in social housing but only make up 31 per cent of people buying homes.
There was no mention of investing in social infrastructure, despite estimates that investing in care can create twice as many jobs as investing in construction, and is more effective in reducing public deficits and debt than austerity policies.
The £2.8 billion resource funding for the NHS over the next three years might stem the immediate crisis in our national health service, but what about the crisis in social care—which Hammond failed to mention at all? The gap in funding is estimated to be £2.3 billion a year by 2020. Adult social care is held together by women—they are 80% of the workforce —compared to the construction industry in which nearly 90% of employees are male.