Sumary of We’re not going woke, says Bank of England boss Andrew Bailey:
- Bank of England governor Andrew Bailey denied the institution had ‘gone woke’ after it decided to remove artwork linked to the slave trade.
- Speaking at a Cambridge University event last night, Bailey revealed that many of the items which had been squirrelled away earlier this year would reappear in the Bank’s museum, which is open to the public.
- Bank of England boss Andrew Bailey (pictured) told students at Cambridge that items which had been removed would reappear in the Bank’s museumBailey said: ‘It’s not because we’ve gone woke, whatever that word actually means.
- ’This summer the Bank, which dates back to 1694 but has been at its Threadneedle Street location in London since 1734, stopped displaying oil paintings and busts of seven former governors and directors.
- Bailey said: ‘If you’re a member of staff in the Bank of England from an ethnic background, should you be required to sit in a room looking at a picture of a person who owned slaves?
- In the Cambridge Union event, chaired by economist Mohamed El-Erian, Bailey steered clear of giving any further guidance on when the Bank may choose to hike interest rates.