Business

Deputy governor sorry for calling economy 'menopausal'


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Reuters

The Bank of England’s deputy governor has apologised for saying the UK economy is entering a “menopausal” era.

Ben Broadbent had used the phrase in an interview with the daily Telegraph to suggest the UK economy was past its peak.

Later he said he was sorry for the “poor choice of language” and any “offence caused”.

He said productivity affected “every one of us, of all ages and genders”.

The comments sparked a backlash from women on Twitter who objected to his use of the phrase.

Nikki Garnett, a blogger, said: “How dare you Ben Broadbent?

“Menopausal women have not lost their potency, in fact they are just reaching it… as I suspect you will find out in reactions to your anachronistic comment.”

In his interview, Mr Broadbent said the economy was slowing down after a peak in productivity from the digital revolution.

He suggested that a “pause” between two technological leaps forward – akin to one experienced by late-Victorian industrialists from steam to electricity – could be behind a recent slump in productivity blamed for stagnating wages.



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