Women in Finance Charter

HM Treasury written question – answered on 26th February 2018.

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Photo of Catherine McKinnell Catherine McKinnell Labour, Newcastle upon Tyne North

To ask Mr Chancellor of the Exchequer, what specific steps his Department is taking to encourage companies in the UK financial sector to sign up to the Women in Finance Charter.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

In 2016, the Chancellor appointed Jayne-Anne Gadhia, CEO of Virgin Money, as the Government’s Women in Finance Champion to promote the Women in Finance Charter and the benefits of a diverse workforce across the UK financial services sector.

In collaboration with HM Treasury, Virgin Money launched the Women in Finance app in November 2017. The app features video case studies, research and practical tools to support companies who want to improve the gender balance within their organisation.

Treasury officials are in regular communication with prospective signatories to help them to understand how the Charter works and support them if they wish to sign.

HM Treasury takes part in regular sector events to promote the Charter and encourage firms to sign, as well as raising awareness of the Charter through sustained social media and traditional media campaigns.

There are currently 162 signatories to the Charter, who together employ over 600,000 UK financial services staff.

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