LONDON (Reuters) – Bank of England Deputy Governor Ben Broadbent apologised on Wednesday for describing Britain’s financial system as going via a “menopausal” phrase, a remark that was roundly criticised.
“I’m sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offence caused,” Broadbent mentioned in a press release.
Broadbent had informed the Telegraph that years of poor productiveness and weak wage development meant Britain was going via a “menopausal” second.
The former Goldman Sachs economist, amongst these tipped as a possible successor to BoE Governor Mark Carney who stands down subsequent 12 months, mentioned monetary specialists used the phrase to explain economies that have been “past their peak and no longer so potent”.
His feedback attracted derision in social media.
“Enough of this pejorative tosh stigmatising women in their prime,” Conservative lawmaker Sarah Wollaston mentioned on Twitter.
“#Menopause only a problem if others try to sideline you because of ignorant prejudice.”
Robert Peston, political editor of broadcaster ITV, mentioned the feedback have been “sloppy, empirically unsound and potentially offensive”.
In his apology, Broadbent mentioned he had been making an attempt to clarify the phrase “climacteric”, a time period utilized by financial historians to explain a interval of low productiveness development throughout the nineteenth century.
“Economic productivity is something which affects every one of us, of all ages and genders,” he mentioned.
Reporting by Andy Bruce; modifying by Sarah Young