Plan F: a feminist economic strategy for a caring and sustainable economy
Austerity has had a devastating impact on the poorest households and on women. By 2020 the living standards of the 10% lowest income households will fall by an average of 21%, more than five times as much as the cut to living standards of the top 10%. Women are hit harder than men and households headed by women such as lone parents and single female pensioners are hit hardest, both being about 20% worse-off on average in 2020.
In place of austerity the UK Women’s Budget Group, together with the Scottish Women’s Budget Group1, propose PLAN F, a long term feminist economic plan to invest in creating a caring and sustainable economy that prioritises care for people and for the planet.
This would mean:
- Reverse cuts to public services and social security that have had particularly adverse impacts on women
- Invest in social infrastructure- care, health, education and training services, social security and housing, complemented by investment in renewable energy and environmentally friendly public transport.
- Reform plans for Universal Credit
- Improve the terms and conditions of work for the paid work force who staff the social infrastructure the majority of whom are women
- Strengthen worker’s rights throughout the economy. Raise the minimum wage to a level that ensures a decent living.
- Ensure access to affordable care
- Improve support for people – currently mainly women – who provide unpaid care in families and communities and encourage men to contribute more to unpaid care.
- Create a social security system that aims at fairer sharing of caring and the costs of caring
- Increase investment in social housing and in insulating homes. An affordable home for all is central to a caring economy.
Read WBG and SWBG, (2014), Plan F: a feminist economic strategy for a caring and sustainable economy, Women’s Budget Group and Scottish Women’s Budget Group, London and Edinburgh
Read WBG, (2013), To ensure economic recovery for women we need Plan F, Women’s Budget Group, London
Read WBG, (2012), Plan A has failed. It is time for Plan F: a feminist economic strategy to stimulate social and economic recovery: Women’s Budget Group Pre-Budget Briefing 2012, Women’s Budget Group, London