The news is out: [The Bank of England (BoE) has apologized over its former leaders’ historic links to the slave trade, vowing to remove any pictures of them from Threadneedle Street.
It comes a day after insurance giant Lloyd’s of London and pub chain Greene King also issued similar denunciations of their ties to 18th and 19th century slavery. Both promised to do more to tackle challenges facing ethnic minorities, including funding external organizations and internal diversity and inclusion measures.
It marks the latest development in the wake of the toppling of a slave trader’s statue during a Black Lives Matter protest in Bristol, triggered by the deaths of George Floyd and other black Americans at the hands of the police.
A BoE spokesperson called slavery “an unacceptable part of English history.” At least 17 million Africans are thought to have been enslaved over several hundred years as a result of the transatlantic slave trade.]
Ashamed enough to return the riches made from slavery? In 1804, the Bank of England (BoE) switched from slavery to racism.