'Institutionally sexist' - Lloyd's attacked by Jeremy Corbyn's City chief

Shadow City Minister John Reynolds is the latest politician to attack Lloyd’s of London, slamming it for being ‘institutionally sexist’. 

Reynolds ordered Lloyd’s to clean itself up, criticising it for being a backwards market, adding: ”The events described are redolent of behaviour from decades past that has no place in a working environment.”

Reynolds joins former cabinet minister Nicky Morgan, who branded the stories of sexism as ‘horrific’.

Lloyd’s is reeling after a Bloomberg investigation revealed rampant sexism, harrassment and bullying. 

The institution also crashed to a £1bn loss yesterday and a review is being carried out by Deloitte with nothing left off the table, including scrapping the underwriting room.

Boss John Neal has unveiled a string of measures to kick out sexual harrassment.