Women are ‘shock-absorbers’ of poverty and will suffer after Brexit

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Women and men feel economic shocks differently because they often do different jobs

Pro-EU campaigners wear EU and Union flag colours as they demonstrate near the Houses of Parliament in central London, April 3 2019. Picture: AFP/ ISABEL INFANTES

The Bank of England estimates a worst-case Brexit could shock the economy into a 5% contraction within a year, nearly as much as during the global financial crisis. "We can predict doom, but the reality so far is telling us a different story," Williams told the Thomson Reuters Foundation. But Sophie Walker, inaugural leader of the Women's Equality Party, said Brexit would lead to cuts to public services and welfare on which women disproportionately rely.

Women are also more likely to plug the gaps if services are cut, potentially forcing them to leave paid work to look after young, elderly or disabled family members. "We will get an argument that all these rights are all very well and nice, but at the moment we can't afford them," she added.

Source: Financial Digest (financialdigest.net)

 

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