After the Bank of England posted diversity positions that don't require any prior financial knowledge, Liz Truss accused the organization of being "captured by leftist ideology."
The Bank's online recruiting advertisement states: "No experience in finance? No issue. Visit our Leeds office now to learn about interesting opportunities.
Candidates were encouraged to "explore diverse roles."
On Monday, Ms. Truss, who has been an outspoken critic of the Bank ever since she left office, criticized the post on X.
Observe how socialist ideology has taken over the Bank of England. She wrote that DEI [Diversity, Equity, and Inclusion] is more significant than any understanding of the economy.
The 330-year-old Bank employs 4,000 people, with its office in Leeds acting as one of its 12 regional agencies across the UK.
Governor Andrew Bailey has pledged to do more to tackle the institution’s lack of diversity. A spokesman for the Bank told The Telegraph there are “many roles at the Bank of England that don’t require prior experience in finance or economics”.
Targets published on its website state that by the end of February 2028, it aims for at least 40pc of its senior managers to be female, up from just under 35pc in 2023, according to the Bank’s latest annual report.
It also aims to ensure between 18pc and 20pc of its senior managers are Black, Asian or from another minority ethnic group by the same date, and that 10pc of hires on its graduate scheme are Black and mixed-race.
In 2021, the Bank published an internal review that highlighted a number of failings in its approach to hiring and promoting people from ethnic minorities. The research was commissioned following the killing of George Floyd in the United States.
It read: “The history of efforts to foster a more ethnically diverse and inclusive Bank predates the events of May 2020 and the murder of George Floyd. But while there have been efforts to improve, results have not matched expectations and progress has not been fast enough.”
Ms Truss has had a fractious relationship with the Bank since her disastrous 2022 mini-Budget spelled the end of her short stint in Number 10.
In August, Ms Truss called for an investigation into the Bank after a report by its own analysts found that a crash in the markets during her tenure as prime minister was largely caused by risky practices in the pensions industry.
She has also sent a cease and desist letter to Sir Keir Starmer demanding he stops claiming she crashed the economy, after the Labour prime minister repeatedly blamed her for Britain’s economic woes.
A Bank of England spokesman told The Telegraph: “It is important that the Bank’s workforce reflects our society and as an employer we need to attract and retain talented staff.”
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