Why smart women will bin their copies of Smart Woman magazine

"Inner confidence" and "fearing success".

I’m not quite sure how I feel about a small glossy magazine that arrived on my desk today. On the one hand, it’s one of the most patronising reads I’ve experienced in a long time — perhaps all the more so because it’s so well intentioned. On the other, it’s really quite funny in parts, although this was most definitely unintentional.

Smart Woman is a new pamphlet published by Barclays, with the tagline "Take control of your financial future" and a very pouty Emma Hill (CEO of Mulberry) in tiger-stripe heels as the cover girl.

I had to think a while to be able to describe what makes the name Smart Woman so excruciatingly embarrassing, but it’s partly the idea that potential readers will require this kind of affirmation of their own intelligence. It feels like a schoolgirl commendation.

Many women (and men) would undoubtedly benefit from advice on managing their finances and furthering their career, but this isn’t the right way to present it.

Barbara-Ann King, head of female client group at Barclays, wrote the introduction: "For many women… self-doubt seems apparent in the realm of financial decision-making. We see women in many studies revealed as cautious, risk-averse and taking longer to move from thought to action. Not necessarily bad traits, but ones that perhaps hold a woman back from realising her true potential."

For a start, I would suggest that being "cautious" and "risk-averse" doesn’t necessarily imply self-doubt: it could equally imply a greater awareness of, or sensitivity to, what financial risk-taking can mean for themselves or their families, for instance.

Secondly, a strong argument can be made for wanting more cautious, risk-averse individuals in finance. Finally, the producers of Smart Woman would probably have benefited from "taking longer to move from thought to action": the thought behind the magazine is great — it’s the execution that’s so jarring.
   

One of the
  
features in this issue of Smart Woman (doesn’t the name grate?) is about why so few women are on boards, a topic I’ve written about before and one that interests me a great deal.

It piqued my interest, and then contained one of the least sensitive discussions of women giving up work to have children I’ve ever come across. It cites the example of Helena Morrissey, CEO of Newton Investment Management and a campaigner for more women board members, who has nine children, to illustrate that it’s not 2having kids per se that’s the problem" when it comes to women reaching the top of the career ladder.

Helena Morrissey has spoken at Spear’s events, and I have a strong feeling that she wouldn’t want her example used to illustrate a point made by Gwen Rhys, founder of Women in the City and Networking Culture, that "if women negotiate their way out of that [gender pay] gap, they have enough money to pay for the childcare and get rid of the guilt."

Morrissey may be a fantastic example of a woman able to juggle work and family life — but not all women can, or would even want to, follow suit. Not all women find that an expensive nanny will help them "get rid of the guilt" after consistently missing bedtime — and few high-flying jobs are OK with women clocking off by 6pm.

If the Daily Mail likes to paint working mothers as bad mothers, Smart Woman implies that stay-at-home mothers are simply under-ambitious — I’d expect a more intelligent discussion from a rag aimed at female executives. 
   
   


It doesn't stop there. Rhys then asserts that not only are women to "blame" for their low representation in the boardroom, but also that women "fear success". "It’s controversial," she says (and she’s not wrong there), "but for women, the fear of success is greater than the fear of failure. Because if you do leap across the precipice to the boardroom, you have to keep proving yourself."

I would like to see some evidence for this notion that women are scared of having to "prove themselves". It’s shocking that a magazine aimed at "smart women" could be so dismissive.

The piece goes on to argue that women don’t do enough to promote themselves, and need to be more pro-active, which may well be true to a degree, but doesn’t reflect the whole picture.

Perhaps this, ultimately, is my real problem with the magazine: King’s introduction may talk about the need for women to overcome their self-doubt, but the rest of the magazine seems mainly concerned with pointing out what women don’t do well enough, or need to do better: women must stop giving up work to have children. They need to stop fearing success. They need to play politics the way men do, raise their own profiles, and change the way they speak in boardroom their views get heard.

We’re not doing well enough, and it is all our fault, is the central theme, and the conspiratorial tone and patronising title don’t help.

"This issue of Smart Woman puts the spotlight back on what women can do when they allow their creative minds to partner with their inner confidence," King writes in her introduction.

When my creative mind partnered with my inner confidence my feelings about Smart Woman suddenly became clear and I had only one thought: bin this thing (but blog about it first).

Women are apparently "taking longer to move from thought to action": Photograph: Getty Images

Sophie McBain is a freelance writer based in Cairo. She was previously an assistant editor at the New Statesman.

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Will Jeremy Corbyn stand down if Labour loses the general election?

Defeat at the polls might not be the end of Corbyn’s leadership.

The latest polls suggest that Labour is headed for heavy defeat in the June general election. Usually a general election loss would be the trigger for a leader to quit: Michael Foot, Gordon Brown and Ed Miliband all stood down after their first defeat, although Neil Kinnock saw out two losses before resigning in 1992.

It’s possible, if unlikely, that Corbyn could become prime minister. If that prospect doesn’t materialise, however, the question is: will Corbyn follow the majority of his predecessors and resign, or will he hang on in office?

Will Corbyn stand down? The rules

There is no formal process for the parliamentary Labour party to oust its leader, as it discovered in the 2016 leadership challenge. Even after a majority of his MPs had voted no confidence in him, Corbyn stayed on, ultimately winning his second leadership contest after it was decided that the current leader should be automatically included on the ballot.

This year’s conference will vote on to reform the leadership selection process that would make it easier for a left-wing candidate to get on the ballot (nicknamed the “McDonnell amendment” by centrists): Corbyn could be waiting for this motion to pass before he resigns.

Will Corbyn stand down? The membership

Corbyn’s support in the membership is still strong. Without an equally compelling candidate to put before the party, Corbyn’s opponents in the PLP are unlikely to initiate another leadership battle they’re likely to lose.

That said, a general election loss could change that. Polling from March suggests that half of Labour members wanted Corbyn to stand down either immediately or before the general election.

Will Corbyn stand down? The rumours

Sources close to Corbyn have said that he might not stand down, even if he leads Labour to a crushing defeat this June. They mention Kinnock’s survival after the 1987 general election as a precedent (although at the 1987 election, Labour did gain seats).

Will Corbyn stand down? The verdict

Given his struggles to manage his own MPs and the example of other leaders, it would be remarkable if Corbyn did not stand down should Labour lose the general election. However, staying on after a vote of no-confidence in 2016 was also remarkable, and the mooted changes to the leadership election process give him a reason to hold on until September in order to secure a left-wing succession.

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