Bank of England Deputy Governor Ben Broadbent apologised on Wednesday for describing Britain’s economy as going through a “menopausal” phrase, a comment that was roundly criticised.
“I’m sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offense caused,” Broadbent said in a statement.
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.
credit: pm news
Welcome to Street Journal Forum, Our motto is "We Disagree To Agree", you can have an open discussion here on anything, you can respond to Topics freely. Upload pictures you want to share and please invite your friends!
We Disagree To Agree.....Let discuss everything!
First unread post • Total posts 28683 • Page 1 of 1
Who is online
Registered users: Google [Bot]