8 March 1991: What feminism means to me

Diana Quick, Margi Clarke, Vanessa Redgrave and others.

Jenni Murray, presenter, “Woman’s House”

The day I became a feminist was when I was refused social security benefits on the grounds that I had a husband who would keep me.

I am sick of hearing the word post-feminism. This is not a post-feminist era, we don’t have equal pay, the streets are not safe for women, and we still have to juggle our lives. The battle will not even begin to be won until boys start asking how they can combine their work and their family life. As for younger women, take up the cudgels and bring the boys along with you!

Anna Ford, broadcast journalist

The aim of my sort of feminism is to make sure that every woman has the opportunity to realise her chosen potential without harassment or discrimination and stands up for women who are still referred to as deserving minority groups. Women in America find our continues emphasis on such basic rights and recognition almost impossible to believe. What we still have to achieve, they have taken for granted for 20 years.

Claire Rayney, broadcaster and writer

Feminism means everything if you care at all about people, if you care about women. I’m concerned about women’s status and women’s rights and women’s needs, because until they are satisfied, neither are the needs of men and children. I never lie about my age; it’s a very anti-feminist thing to do. Expecting women to be coy about their ages, and colluding in it, implies women are only interesting when they’re fizzy with oestrogen. I’m 60 and splendid.

Julie Burchill, newspaper columnist

Feminism means being able to do what you want.

Diana Quick, actor

Feminism has had a lasting impact on my life. What has helped me most are de Beauvoir’s ideas about not authenticating yourself in terms of other people’s reactions to you, but doing things on your own account. The thing that bothers me most today is the unequal burden of domestic labour. But when people ask me if I am a feminist, I say, no, I’m a working woman; partly out of cowardice, but also our of irritation at having to meet up with those set of prejudices that the tag now implies.

Lurline Champagnie, first black woman Conservative PPC, Islington North

Feminism? I personally don’t care for it. I like the elegance and flattery of being a woman but it hasn’t prevented me from doing things that some women might wait for the man of the house to do. I know what I want to do and I get on with it. There may be barriers in society but it’s up to women to break them down.

Margi Clarke, actor

Feminism is belonging to the earth and being in rhythm with feminine forces; and any man who doesn’t understand feminism will come back with a cunt next time.

Zeinab Badawi, newsreader

Feminism is the freedom to choose. I work and I always will, but my mother would say she is a professional mother. We are in a post-feminist era. Discrimination is not embarrassing for the perpetrator, whereas a few years ago their assumptions would have gone unchallenged.

I am wary of the feminist label because it can lead to western cultural chauvinism. What I may define as my freedom may not be what my counterparts in Khartoum would want.

Patsy Chapman, editor, “News of the World”

Building society managers used to turn women down, including me, in case they got pregnant. And an editor once refused me a job when he learned I was married – because I would have to be home at six to put the potatoes on.

Sara Parkin, national speaker, the Green Party

I’ve been most inspired by third world women who could not be described as feminists, like Wanjari Maatti, the Kenyan who founded the Green Belt movement or Vandana Shive one of the Indian women who set up their own bank.

Vanessa Redgrave, actor

Have women not got more urgent problems on their minds?

The Indonesian military celebrate Kartini Day. Photo: 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