Ben Broadbent has apologised on Wednesday for describing Britain’s economy as going through a “menopausal” phrase.
The Bank of England Deputy Governor said in a statement; “I’m sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offense caused”.
Broadbent had told the Telegraph that years of poor productivity and weak wage growth meant Britain was going through a “menopausal” moment.
The former Goldman Sachs economist, among those tipped as a potential successor to BoE Governor Mark Carney who stands down next year, said financial experts used the phrase to describe economies that were “past their peak and no longer so potent”.
His comments attracted derision in social media.
“Enough of this pejorative tosh stigmatizing women in their prime,” Conservative lawmaker Sarah Wollaston said on Twitter.
“#Menopause only a problem if others try to sideline you because of ignorant prejudice.”
Robert Peston, political editor of broadcaster ITV, said the comments were “sloppy, empirically unsound and potentially offensive”.
In his apology, Broadbent said he had been trying to explain the word “climacteric”, a term used by economic historians to describe a period of low productivity growth during the nineteenth century.
“Economic productivity is something which affects every one of us, of all ages and genders,” he said.
Scores of protesters under the auspices of the All Progressives Congress (APC) Loyalists Forum, on…
A caucus of the All Progressives Congress (APC) in Osun, the Omoluabi Progressives, has stated…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has blamed the government for…
Jose Mourinho, the ex-manager of Chelsea, has disclosed that he no longer watches matches at…
There seems to be a division in the leadership of the National Association of Nigerian…
Amidst the outrage that greeted the recent announcement by JAMB that 1.4 million out of…
This website uses cookies.