Maria Miller’s abortion stance means she’s no friend to women

Zoe Stavri argues that the women's minister's focus on reducing the abortion time limit is either misguided or disingenuous.

Lowering the abortion time limit is a key flashpoint in ongoing attempts to chip away at a woman’s right to choose. Politicians and commentators alike will periodically propose that the abortion time limit- currently at 24 weeks- should be reduced to 12, or 16, or 20 weeks.

Among proponents of this is the recently-appointed women’s minister, Maria Miller, whose voting record shows support for reducing the abortion time limit. She has also clarified her position in an interview, saying if the issue came up she’d vote for a reduction of the time limit again.

Miller’s role in government is supposedly to prioritise women’s issues in government. However, her views on the abortion time limit are anything but pro-women, and should not be prioritised as they are actively harmful.

UK abortion law currently allows women access to abortion at any time up to 24 weeks, though the vast, vast majority of abortions carried out take place 3-9 weeks of gestation, with only 1.4 per cent being carried out at over 20 weeks.

This reflects advances in helping women access abortion quickly and safely. However, on average, there is still an average waiting time of 2-4 weeks between seeing a doctor and getting an abortion on the NHS.

This waiting time can easily make the difference between a legal and an illegal abortion, and would be exacerbated were the time limit to be reduced.

The fact that Maria Miller focuses on reduction of the abortion time limit rather than further improving women’s access to abortion suggests she is either misguided or disingenuous. To support women, you must support the choices they make about their own body, whether it’s something you approve of or not.

The last thing we need is greater restrictions on access to abortion: we need greater freedom and greater support to allow women to make choices concerning their own bodies. This isn’t what Miller stands for. Because of this, she is no friend of women, and unsuitable for her position as women’s minister.

The new Minister for Women and Equalities, Maria Miller. Photograph: Getty Images
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Let's turn RBS into a bank for the public interest

A tarnished symbol of global finance could be remade as a network of local banks. 

The Royal Bank of Scotland has now been losing money for nine consecutive years. Today’s announcement of a further £7bn yearly loss at the publicly-owned bank is just the latest evidence that RBS is essentially unsellable. The difference this time is that the Government seems finally to have accepted that fact.

Up until now, the government had been reluctant to intervene in the running of the business, instead insisting that it will be sold back to the private sector when the time is right. But these losses come just a week after the government announced that it is abandoning plans to sell Williams & Glynn – an RBS subsidiary which has over 300 branches and £22bn of customer deposits.

After a series of expensive delays and a lack of buyer interest, the government now plans to retain Williams & Glynn within the RBS group and instead attempt to boost competition in the business lending market by granting smaller "challenger banks" access to RBS’s branch infrastructure. It also plans to provide funding to encourage small businesses to switch their accounts away from RBS.

As a major public asset, RBS should be used to help achieve wider objectives. Improving how the banking sector serves small businesses should be the top priority, and it is good to see the government start to move in this direction. But to make the most of RBS, they should be going much further.

The public stake in RBS gives us a unique opportunity to create new banking institutions that will genuinely put the interests of the UK’s small businesses first. The New Economics Foundation has proposed turning RBS into a network of local banks with a public interest mandate to serve their local area, lend to small businesses and provide universal access to banking services. If the government is serious about rebalancing the economy and meeting the needs of those who feel left behind, this is the path they should take with RBS.

Small and medium sized enterprises are the lifeblood of the UK economy, and they depend on banking services to fund investment and provide a safe place to store money. For centuries a healthy relationship between businesses and banks has been a cornerstone of UK prosperity.

However, in recent decades this relationship has broken down. Small businesses have repeatedly fallen victim to exploitative practice by the big banks, including the the mis-selling of loans and instances of deliberate asset stripping. Affected business owners have not only lost their livelihoods due to the stress of their treatment at the hands of these banks, but have also experienced family break-ups and deteriorating physical and mental health. Others have been made homeless or bankrupt.

Meanwhile, many businesses struggle to get access to the finance they need to grow and expand. Small firms have always had trouble accessing finance, but in recent decades this problem has intensified as the UK banking sector has come to be dominated by a handful of large, universal, shareholder-owned banks.

Without a focus on specific geographical areas or social objectives, these banks choose to lend to the most profitable activities, and lending to local businesses tends to be less profitable than other activities such as mortgage lending and lending to other financial institutions.

The result is that since the mid-1980s the share of lending going to non-financial businesses has been falling rapidly. Today, lending to small and medium sized businesses accounts for just 4 per cent of bank lending.

Of the relatively small amount of business lending that does occur in the UK, most is heavily concentrated in London and surrounding areas. The UK’s homogenous and highly concentrated banking sector is therefore hampering economic development, starving communities of investment and making regional imbalances worse.

The government’s plans to encourage business customers to switch away from RBS to another bank will not do much to solve this problem. With the market dominated by a small number of large shareholder-owned banks who all behave in similar ways (and who have been hit by repeated scandals), businesses do not have any real choice.

If the government were to go further and turn RBS into a network of local banks, it would be a vital first step in regenerating disenfranchised communities, rebalancing the UK’s economy and staving off any economic downturn that may be on the horizon. Evidence shows that geographically limited stakeholder banks direct a much greater proportion of their capital towards lending in the real economy. By only investing in their local area, these banks help create and retain wealth regionally rather than making existing geographic imbalances worce.

Big, deep challenges require big, deep solutions. It’s time for the government to make banking work for small businesses once again.

Laurie Macfarlane is an economist at the New Economics Foundation