Charlotte Hogg Resigns from the Bank of England: The Importance of Perception
On the 7 th March in Financial Regulation Matters , it was predicted that Charlotte Hogg would resign from her position as Deputy Governor of the Bank of England because she had failed to disclose the fact that her brother, Quinton Hogg, worked for Barclays in a division that was concerned with the actions of the Bank of England; today, Charlotte Hogg resigned from her post . This very short follow-up post looks at why this decision was not, in reality, in question; the reason was because of ‘perception’. Rather than George Osborne’s rather unperceptive musing as to whether Hogg would have been pressured to resign in the same manner ‘ if she had been an older man whose sister worked at a bank’ , thus confirming his mandate to provide misdirection to the public in trying to turn this issue into a gender-based discussion, what lies at the core of this story is the need for the elite not to be proven to be operating against the public. Charlotte Hogg’s failure to declare has resu...