instagram envelope_alt facebook twitter search youtube_play whatsapp remove external_link loop2 arrow-down2

Need To Know: Bank bigwig sorry after ‘menopausal’ gaffe backlash

Apology: Ben Broadbent (left) with Bank of England governor Mark Carney

■ Bank bigwig sorry after ‘menopausal’ gaffe backlash

BANK of England deputy governor Ben Broadbent has apologised for his ‘poor choice of language’ amid a backlash after he described the UK economy as ‘menopausal’.

Mr Broadbent — who is also on the Bank’s team of interest rate-setters — has been accused of sexism after using the word to describe the current UK slowdown and slump in productivity in an interview in the Telegraph.

In the article, he suggested the UK economy was entering a ‘menopausal’ era after a peak in productivity from the digital revolution and that it could be behind the slump in productivity that has been blamed for stagnating wages.

It sparked a raft of angry tweets and comes as an embarrassment to the Bank, which has sought to promote gender diversity within its ranks.

■ Huge train timetable changes will see winner and losers

RAIL commuters are being urged to study new timetables as more than four million trains will be rescheduled from Sunday.

The shake-up is designed to increase overall frequencies and reliability, but some passengers will find their regular journeys are no longer possible.

Many of the changes are a result of the £7billion invested in the Thameslink programme in the South East, including rebuilding London Bridge station, new trains and track improvements.

Departure times will change for every train run by the UK’s busiest franchise — Govia Thameslink Railway (GTR) — which consists of Southern, Thameslink, Great Northern and Gatwick Express.

There will be almost 400 additional GTR trains every day but passengers in a number of locations are complaining they are about to be hit with fewer or slower services.

■ Carillion’s board presided over ‘rotten corporate culture’

DIRECTORS at collapsed engineering giant Carillion were too busy ‘stuffing their mouths with gold’ to worry about the workers and should face the possibility of disqualification, according to a scathing report by MPs.

In the final report of an inquiry into the spectacular failure of the company, two select committees also attacked the government for ‘lacking’ decisiveness and bravery to tackle failures in corporate regulation.

Carillion became a ‘giant and unsustainable corporate time bomb’, said the Work and Pensions and Business Select Committees.

The MPs said that following a series of hearings into Carillion’s liquidation, it was clear that the board presided over ‘rotten corporate culture’.

Frank Field, chairman of the Work and Pensions Committee, said: ‘British industry is too important to be left in the hands of the likes of the shysters at the top of Carillion.’

Thousands of jobs have been lost as a result of Carillion’s collapse in January.

■ Hawaii volcano ash plume rises to 12,000ft

AN ASH plume from the Kilauea volcano’s summit crater on Hawaii’s Big Island has risen as high as 12,000ft above sea level, according to monitors.

Ash has been wafting continuously from a vent in the crater, Halemaumau, and drifting south-west, causing ash fall and volcanic air pollution as far as 18 miles away, the Hawaiian Volcano Observatory said.

Authorities have issued an ash fall advisory for the island’s southernmost district, and a ‘red’ warning for pilots and air traffic controllers as the ash could disrupt flights.

Kilauea first erupted on May 3.

■ Sherpa guide climbs Everest for record 22nd time

A VETERAN Sherpa guide has scaled Mount Everest for the 22nd time, setting the record for most climbs of the world’s highest mountain, officials said.

Kami Rita (pictured) reached the summit on Wednesday morning with a team of foreign climbers and a fellow Sherpa guide and is safely descending to a lower camp, said Gyanendra Shrestha, a government official stationed at base camp.

Mr Rita, 48, had been among the three men who had tied the previous record of 21 successful ascents of the 29,000ft peak.

Before leaving for the mountain last month, he said he wanted to scale Everest at least 25 times having first scaled Everest at 24, making the trip almost every year since then.