UK central banker apologizes for 'menopausal' remark

This Feb. 8, 2018 file photo shows Bank of England deputy governor Ben Broadbent in London. One of Britain's top central bankers has apologized for using sexist language when saying the British economy is entering a "menopausal" moment. In a statement Wednesday, May 16 in response to The Daily Telegraph's front-page headline, Ben Broadbent said he was "sorry" for his "poor choice of language" in an interview with the newspaper. (Victoria Jones/PA via AP, file)

LONDON — One of Britain's top central bankers apologized Wednesday for saying the British economy is entering a "menopausal" moment, a sexist remark that prompted widespread criticism.

In an interview with The Daily Telegraph, Ben Broadbent, the Bank of England's deputy governor for monetary policy, used the "menopausal" metaphor to describe economies that were "past their peak and no longer so potent."

The comment sparked a backlash of criticism.

"This poor choice of words is very disappointing and distracts from the real issue at hand," said Carolyn Fairbairn, director-general at the Confederation of British Industry, the leading business lobby group.

And Frances O'Grady, general secretary of the Trades Union Congress, said this "kind of language is totally inappropriate. There's no need to resort to lazy, sexist comments to describe problems in the economy."

Britain is in a moment of low growth that many attribute to uncertainty surrounding the upcoming exit from the European Union and to a long period of weak productivity growth.

Broadbent later apologized in a statement issued in response to the interview, which was flashed across the front page of the newspaper.

"I'm sorry for my poor choice of language in an interview with the Telegraph yesterday and regret the offence caused," he said.

Broadbent said he'd been trying to explain the word "climacteric" — a term, he said, that economic historians use 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 in his statement.

Though he was swift in apologizing, his remark could hurt his chances in succeeding Mark Carney as the central bank's governor. Carney has said he will stand down in June 2019, and many were tipping Broadbent, a former Goldman Sachs economist, to succeed. British Prime Minister Theresa May will be the one making the decision.

Carney has conceded that gender inequality has been a problem at the Bank of England. In its first gender pay gap report, issued last year, the bank found that male employees are paid almost 25 percent more than women.

The bank has introduced diversity targets, including an aim to have 35 percent female representation in senior roles by 2020, up from 30 percent in 2017.

"We must also support equality through fair pay," Carney said. "We're confident that men and women are paid equally for doing the same job at the Bank — however, the greater proportion of men than women in senior roles creates a gender pay gap."

Must Read

Giant T (for Trump) replaces one that was torched...

Aug 11, 2016

A huge red-white-and-blue letter T in tribute to Republican presidential nominee Donald Trump has...

Clinton: Trump's words could have "tremendous...

Aug 10, 2016

Hillary Clinton says Trump's words could have "tremendous consequences," calls on Republicans to...

2 vulnerable GOP incumbents break with Trump on...

Aug 10, 2016

Two Illinois Republicans considered among the nation's most vulnerable congressional incumbents are...

Source: Boy was decapitated on waterslide at...

Aug 11, 2016

The 10-year-old boy killed during a ride on the world's tallest waterslide was decapitated, a...

US: 45,000 Islamic State fighters taken off...

Aug 11, 2016

A top U.S. commander says that the military campaigns against the Islamic State group in Iraq and...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com