The Bank of England has a Diversity Problem
A nine-strong committee look pretty similar: eight white men and white woman. This is the body that guides Britain’s economy and that is suppose to represent the diverse community the UK now represents.
Their monthly votes on interest rates ultimately determine how far our money goes.
Yet they don’t look anything like the people whose lives they have so much influence over, why is that? Its because the Bank of England has a Diversity Problem
The UK population is made up of different ethnicities. 87% of people are White, and 13% belong to a Black, Asian, Mixed or Other ethnic group and Women make up half of the UK population. Astoundingly 0% of the Monetary Policy Committee belong to a Black, Asian, Mixed or other ethnic groups and women make up one ninth of the committee. Shocking!
Mark Carney current governor is in fact, the 120th in a continuous line of white men to have headed the Bank.
It’s plain obvious the Bank has a diversity problem. But this is not a isolated issue as many other o…
