LONDON, England (AP) — The Bank of England has apologised for the links some of its past governors had with slavery, as a global anti-racism movement sparked by the death of George Floyd forces many British institutions to confront uncomfortable truths about their pasts.
“The bank has commenced a thorough review of its collection of images of former governors and directors, to ensure none with any such involvement in the slave trade remain on display anywhere in the bank,'' the institution said in statement.
The decision comes after two British companies on Thursday promised to financially support projects assisting minorities, after being called out for past roles in the slave trade.
Insurance giant Lloyd's of London and pub chain Greene King made the pledges after media highlighted their inclusion on a University College London database of individuals and companies with ties to the slave trade.
About 46,000 people were paid a total of 20 million pounds — the equivalent of 40 per cent of all annual government spending at the time — after the freeing of slaves in British colonies in the Caribbean, Mauritius and southern Africa.