Chancellor Philip Hammond could be grilled by MPs on why many of the Bank of England’s senior staff are white and male

Nicky Morgan (C, Loughborough) was the Secretary of State for Education and Minister for Women and Equalities from July 2014 to July 2016, when Theresa May fired her from both positions (one of her better decisions). Three months ago MPs voted form her to be appointed the chair of the Treasury Select Committee, and we predicted she’d soon be pushing her woeful diversity agenda. Our thanks to Paul for this. The end of the piece:

The Chancellor is expected to write back to the Treasury committee in due course. The Bank of England declined to comment.

The Treasury Select Committee has also launched an inquiry into perceived barriers [J4MB: Not real barriers, then] to women entering and climbing up in the financial services industry.

“More women than men are employed in the financial services sector, but female representation at senior levels has been historically low,” Ms. Morgan said.

“Gender diversity across job grades and functions delivers benefits to firms, society and the wider economy.” [J4MB: What ‘benefits’ are these, other than greater gender diversity – a circular argument – and only a benefit in feminist ideological terms?]

7 thoughts on “Chancellor Philip Hammond could be grilled by MPs on why many of the Bank of England’s senior staff are white and male

  1. I posted on the Independent Business section about this (unfortunately, hardly anybody seems to read the Independent’s Business Section since the I buries it). Do the good folk of Loughborough really know what they did when they elected this woman? Come to think of it, does anybody who votes LibLabCon know what they are doing?

    Hope the TV interview today went well.

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  2. More women than men are employed in the financial services sector, but female representation at senior levels has been historically low … ‘

    The ability to function adequately as a bank clerk, secretary or receptionist is not a qualification for senior management, nor is the desire to rise through the ranks.

    Gender diversity across job grades and functions delivers benefits to firms, society and the wider economy.’

    The available evidence suggests otherwise.

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  3. Really as we struggle through the challenges and opportunities of Brexit, facing more terrorist threats as Isis moves its aim to revenge on “the west” resurgent Russia and assertive China (and plain bonkers Korea) surely surely at some point Government will stop pandering to this pathetic virtue signalling.

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  4. Morgan has precious little going for her in a very competitive business, thus she has to make a noise in the only few ways she can.

    I think it will not be lost on the public in general, and her colleagues in particular, that those ‘ways’ are empty and worthless at best, and regressive and pernicious at worst.

    I can’t imagine a long and glorious career future for her – when push comes to shove she’s liable to find herself quietly ditched.

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  5. he could answer that it is for the same reason most bank Executives in India are Indian males, in China Chinese males, in Japan Japanese males ,in Malaysia Malaysian males and in Brazil Brazilian males. Why should this be different in Britain ?

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