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BoE to prioritise 'diversity and inclusion' during cost of living crisis


Silver
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A former mandarin with “no economic experience” is on course to be appointed to the Bank of England’s board after civil servants told the Chancellor she would “make a strong contribution to improving diversity and inclusion”.

Dame Clare Moriarty, a former permanent secretary of the environment department, has been selected by Nadhim Zahawi, having been lined up by Rishi Sunak before his resignation last month. A source close to Mr Sunak denied that any of his special advisers carried out due diligence checks on Dame Clare.

But a government source criticised the decision to put her forward for the role amid the growing cost of living crisis and pressure over the Bank’s handling of inflation.

Ex-mandarin with ‘no economic experience’ lined up for Bank of England role (archive.ph)

Edited by Silver
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