Minority ethnic staff at the Bank of England (BoE) have received lower ratings and bonuses than white colleagues, been less likely to win promotions, and proved more likely to leave the institution as a result, according to a recent review.
These findings, published last month by the Bank of England Court, the bank’s governance body, found that despite concerted efforts to recruit people from a wider range of backgrounds and help them progress, there were still “material disparities between the collective lived experiences, career opportunities and outcomes of minority ethnic and white colleagues”.
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