Bank of England and deserted streets of the financial district of the City of London ( Francis Dias / NEWSPIX INTERNATIONAL )
The Independent: 'Not enough to say sorry': British firms should pay reparations for slave trade, say Caribbean nations
‘British public morality has caught up with its own institutional history of slavery,’ says head of 12-nation alliance
British financial institutions that benefited from slavery should go further than saying “sorry” for their role in slavery and commit to reparations by funding development in the Caribbean, an alliance of countries in the region has said.
The Lloyd’s of London insurance market apologised on Thursday for its “shameful” role in the 18th-century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority people.
The Bank of England also apologised for the “inexcusable” ties former governors and directors had to slavery and said it was “committed to improving diversity”.
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Update: 'Not enough to say sorry' for slavery links (BBC)
WNU Editor: There may be little (if any) legal basis for rep rations .... Slavery reparations: there's little legal basis to make companies pay for historic actions (Luke Moffett, The Conversation). But some companies are agreeing to it .... George Floyd protests force Britain to reckon with its role in slavery, leading some companies to pay reparations (Fortune).
