If you want to know what makes Britain tick, take a look at the Bank of England.
Interlocking directorships and the Old Boy Network still dominate public life as its recent appointment of Charlotte Hogg reveals.
But few media commentators ever refer to this as a problem. In a recent book – Trust, Power and Public Relations in Financial Markets, Dr Clea Bourne – refers to ‘organised silence’.
Charlotte ‘I wrote the rulebook’ Hogg
Charlotte Hogg, Deputy Governor of the Bank of England (BoE), was appointed the Bank’s Chief Operating Officer in 2013 but never, despite being asked about potential conflicts of interest, disclosed that her brother is a Barclays director.
When she appeared in front of the Treasury Select Committee (TSC) to discuss her recent promotion Hogg said she was well aware of the Bank’s code of conduct — quite apt given she wrote it.
You’d think the daughter of two members of the House of Lords might have more respect for protocol.
It turns out that Hogg’s brother, Quintin, is the least interesting member of the family.
New deputy governor Charlotte Hogg failed to reveal her brother's top job at Barclays - prompting one MP to call for her to quit.
Charlotte Hogg’s mum Sarah Hogg aka Viscountess Hailsham was head of John Major’s Policy Unit in the 1990s — where the controversial Private Finance Initiative (PFI) that has virtually bankrupted the NHS was pioneered.
Sarah Hogg then wrote a book about the Major Years with David Cameron’s recent EU Finance Commissioner & PR Man Jonathan Hill.
Buy Too Close to Call: Power and Politics - John Major in No. 10 1st by Sarah Hogg, Jonathan Hill (ISBN: 9780316877169) from Amazon's Book Store. Everyday low prices and free delivery on eligible orders.
Drain the Moat
Charlotte Hogg’s father Douglas Hogg aka Lord Hailsham was himself a Cabinet Minister as well as MP to Mrs Thatcher’s home town of Grantham.
Douglas Hogg was also one of the most prominent offenders in the 2009 parliamentary expenses scandal.
He charged the British taxpayer upwards of £2000 to clean the moat of his country estate.
Douglas Hogg, former Conservative MP has been sworn in to the House of Lords on Monday - known for causing public outrage in expensing the cleaning of his moat
Incidentally Grantham’s Hospital’s 24 hour A&E department service was severely reduced in August due to staffing problems at neighbouring hospitals.
Grantham hospital supporters were in London at the weekend to join 250,000 marchers protesting against NHS cuts.
Ultra Nepotist Lectures Diversity
Charlotte’s mother Sarah Hogg joined the Financial Conduct Authority board in April 2016
Here she is speaking at a Business Department Select Committee on Executive Pay and Diversity in the Boardroom.
She opens by stating that she is a member of the Takeover Panel, Lead Independent Director of HM Treasury and a non executive director of John Lewis Partnership (since 2011).
Is it right for public institutions in a so called democracy to be run by such a tiny clique?
I wonder what HSBCFraud whistleblower Nicholas Wilson has to say about these FCA, Bank of England, Treasury, and John Lewis connections?
After all John Lewis Partnership Credit Cards are run by HSBC and they’ve made a lot of money defrauding their customers.
According to her CV, Charlotte Hogg was also on the board of BBC Worldwide from 2010 to 2013.
Thousands of customers will be compensated for excessive credit card charges thanks to dogged efforts of 59-year-old Nicholas Wilson
Political activists gatecrashed Barclay’s AGM in Central London on Thursday to highlight the role of private finance initiatives (PFI) in “killing off” Britain’s public services, racking up unsustainable debt, dodging tax and funneling profits offshore.
But Barclays and 3i were already collaborating on University PFI projects under Sarah Hogg’s 3i Chairmanship.
Hogg was able to draw on the knowledge and contacts she had built up when pioneering PFI at John Major’s Policy Unit.
Their joint venture eventually became University Partnerships Programme (UPP) — now known to be rip off merchants who market and lobby for increased student debt under the guise of enhanced choice and high quality student experience :
It turns out that Hogg was first recruited for the Chief Operating Officer role at the Bank of England by Virginia Bottomley’s headhunting firm.
Former Health Minister Bottomley is current Health Minster Jeremy Hunt’s Aunt.
So there you are. A very brief tour of the Hogg’s interests.
Below are a few more articles about Charlotte Hogg.
Guardian Piece from 2013 on Charlotte Hogg’s Connections
Part of one of Britain's most blue-blooded political dynasties, she is the most powerful woman in the Bank of England's history
Bank of England Deputy Governor Charlotte Hogg drew criticism from MPs after failing to disclose her that her brother worked at Barclays.
More on the débâcle:
Charlotte Hogg will survive her failure to declare a conflict of interest, but the Bank has revealed it remains a cosy club
The Bank of England's (BoE) new deputy governor, Charlotte Hogg, has apologised for failing to disclose that her brother worked for Barclays, [...]
Charlotte Hogg apologises for failing to declare that her brother Quintin works for Barclays, and MPs are not happy