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Rachel Reeves commits to improving women’s lives by closing gender pay gap

Rachel Reeves has said she intends to use her position as the first female Chancellor to “improve life for women”, as she set out plans to support women in business.

Ms Reeves said it is a “huge responsibility” to head the Treasury and she is aiming to close the gender pay gap, strengthen rights at work and invest in childcare.

Announcing the Government’s support for 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.

The taskforce is aiming to create a funding pool of more than £250 million for female-founded businesses through private capital, making it one of the world’s largest investment funding pools aimed solely at female founders.

The Rose Review, an independent review of female entrepreneurship led by Dame …