I could write quite a bit regarding the Smiths and Morrissey covers about, and i probably will.
Before Morrissey went solo and decided to use himself as the subject of his covers, Smiths covers would for the most part be a place for them to show off their influences and other icons.
The woman here is Shelagh Delaney, probably one of the most important influences on Morrissey. She was a Manchester playwriter who had the first play (which she amazingly wrote when she was only 19) premiered in the late 50's. It was called A Taste of Honey, and Moz famously nicked a fair few lines from it.
Just like Moz she was an image of a working class intellectual wanting to break free, and it's pictured beautifully here. I love this cover.