Victory for free speech in the workplaceIn a major win for workplace free speech, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have abandoned plans to impose new diversity and inclusion rules on financial firms after strong pushback, including from the FSU. Had the proposals gone ahead, they would have placed sweeping new obligations on a significant portion of the UK’s financial sector. In January 2024, we responded to two consultations (here and here), warning that the plans would create a climate where employees feel unable to challenge prevailing ideologies without fear of professional consequences. Our response to the FCA consultation was submitted via its online portal, but you can read our letter to the PRA here. Now, rather than tweaking their original ideas, the two bodies have announced they have “no plans to take the work further”. This means the FSU has successfully helped to block yet another attempt to impose political conformity under the guise of corporate governance. Needless to say, we will continue to oppose all similar attempts. Click here to join us and support the FSU in defending the speech rights of our 28,000+ members in the workplace and the public square. Full story here. |