An increasing number of women are being forced to give up their jobs or reduce their hours because of the high cost of childcare, with long term effects on women’s career prospects. The average cost of full-time childcare is currently £385 a month but this rises to £729 for children under the age of two. Child tax credits are being cut while the cost of childcare increases, and those trying to buy childcare find provision patchy in both availability and quality.
I am very pleased to introduce the Women in Scotland’s Economy (WiSE) Research Centre at Glasgow Caledonian University. This newly created centre aims to promote and make visible women’s contribution to Scotland’s economy through high quality research and other knowledge transfer activities. Closing the gap between men and women will improve Scotland’s economic position. However, traditional economic approaches often fail to fully recognise women’s economic contribution and their productive potential.