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Treasury chooses only man on shortlist for BoE job

The Treasury has come under fire for choosing a man over four women to fill the vacancy on the Bank of England's interest rate setting committee.
Jonathan Haskel was chosen to replace Ian McCafferty on the monetary policy committee.
Mr Haskel is currently a professor of economics at Imperial College Business School and his three-year term on the committee will begin in September.He has also been head of the economics department at Queen Mary University of London, and is a non-executive director of the UK Statistics Authority.While his qualifications and suitability for the job are not being questioned, it has emerged that he was the only man among the candidates shortlisted for interview.Officials and politicians have previously voiced concerns that the Bank should be more diverse, as only one of the MPC's nine members is female.When the position came up, the Treasury, which makes the appointment, approached 44 women and 43 men who it thought would be suitable.As a result, it received 27 applications, eight of them from women.MP Rachel Reeves, chair of the business, energy and industrial strategy select committee, wrote on Twitter: "4 women shortlisted yet a man appointed by Govt to Bank of England's Monetary Policy Committee - 8 of nine members men. Are we really saying only one woman should be at the top table for these crucial decisions?"
Bank of England put Jonathan Haskel on the MPC,
* 27 applicants in total
* Shortlist was Haskel and, er, four women... pic.twitter.com/4T04l6RfnF— Adam Parsons (@AdamParsons1) 31 May 2018
Sky News business correspondent Adam Parsons also tweeted: "Bank of England put Jonathan Haskel on the MPC, 27 applicants in total. Shortlist was Haskel and, er, four women..."
The Treasury said: "We are committed to diversity and encouraging the broadest range of candidates."We actively contacted 44 women to apply for this role, 80% of those interviewed were women and the majority of those on the interview panel were women."The final appointment decision was based on merit."Chancellor Philip Hammond, who oversaw the appointment, said: "I am delighted that Professor Haskel is joining the MPC."I am confident that his expertise in productivity and innovation will further sharpen the committee's understanding of the British economy."Bank of England Governor Mark Carney added: "(Mr Haskel's) broad academic experience and the depth of his knowledge on productivity and innovation will be hugely valuable to the committee as we seek to promote the good of the people of the United Kingdom by maintaining monetary stability."The appointment was announced on the same day a report was released into the number of women on the boards of British companies.
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The Hampton-Alexander Review, which is backed by the government, revealed the excuses used by companies to avoid appointing women to these senior roles.One company claimed that women would not understand the "extremely complex" issues covered during board meetings, while another excused its all-male leadership group by claiming that "board colleagues wouldn't want to appoint a woman".
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