Bank of England 'was too focused on woke agenda', says Tory peer

2022-08-07

Bank of England ‘was too focused on woke agenda’ after donating almost £10,000 to Stonewall, says Tory peer

The Bank of England has been accused of putting ‘woke’ agenda before economy
Bank paid Stonewall almost £10,000 between 2019 and 2021
The cash allows the bank to consult the charity on policies including trans issues
Baroness Nicholson said bank should focus on squeeze on family incomes

The Bank of England stands accused of putting the ‘woke’ agenda ahead of the economy, as a probe by the Mail on Sunday uncovers strong links to controversial charity Stonewall.

Last week embattled governor Andrew Bailey hiked interest rates up by their highest margin for 27 years, a move set to punish millions of hard-working families, mortgage holders, savers and pensioners.

Although it denied it had been ‘asleep at the wheel’, we can reveal the large amount of cash being paid by the Bank to the LGBTQ+ lobby group, which last month suggested children as young as two can recognise if they are transgender.

Last week embattled governor Andrew Bailey, pictured, hiked interest rates up by their highest margin for 27 years, a move set to punish millions of hard-working families, mortgage holders, savers and pensioners

According to statistics obtained under Freedom of Information laws, the Bank paid Stonewall almost £10,000 between 2019 and 2021. The cash allows the bank to consult the charity on policies including transgender issues.

Published online, the Bank’s trans guidance directs staff looking to transition to visit the Stonewall website, and asks managers of transgender staff to read up on how to support their team.

Last night, Conservative peer Baroness Nicholson of Winterbourne said the Bank needed to focus more on the job at hand rather than identity politics. She added: ‘The top priority is the hefty squeeze on family incomes.

The Conservative leadership campaign debates focus on inflation, while the Bank of England issues dire warnings of financial collapse. The trivial mutterings of inept Stonewall are irrelevant to the reality families face with a coming global financial crisis.’

Last night the Bank defended its ties and said: ‘The Bank is absolutely committed to returning inflation to the two per cent target with no ifs and no buts. Nothing distracts us from our monetary policy and financial stability objectives. The idea there’s a conflict between setting interest rates and having a welcoming workplace is nonsense.’

Last night, Conservative peer Baroness Nicholson of Winterbourne, pictured, said the Bank needed to focus more on the job at hand rather than identity politics

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