Sir Mervyn King plans ‘grey gap year’

Governor of Bank of England will take extended holiday after stepping down this monthSir Mervyn King is to become one of the growing number of high-profile business and finance figures to take a so-called “grey gap year” when he steps down as governor of the Bank of England at the end of this month.The departing […]
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Sir Mervyn King marks departure by going for a song on Desert Island Discs

Outgoing Governor of the Bank of England: it’s healthy that students don’t want a City career at a high cost to societyHe steered the Bank of England through the worst financial crisis since the Great Depression, but Sir Mervyn King insists that a nine-month stint as a supply teacher in Wolverhampton in 1966 was still […]
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Sir Mervyn King: don’t demonise bankers

Outgoing Bank of England governor blames regulatory failure for banking crisis and not individualsThe outgoing governor of the Bank of England has called on the British people not to “demonise” bankers for the financial crisis.Sir Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the […]
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A blunderbuss, a headbanger and a twerp

Tapsell, Fabricant and Rees-Mogg: what politicians are not supposed to say out loudGeorge Osborne announced a new governor of the Bank. Nobody had expected it to be Mark Carney, a Canadian and so one of God’s frozen people. He was, said our chancellor, “a quality governor” which made him sound like a Savile Row suit […]
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New Bank of England governor to be announced at 3.30pm

Chancellor will make a statement to the House of Commons on Sir Mervyn King’s replacementGeorge Osborne will name the next governor of the Bank of England in a statement to the House of Commons on Monday.The office of speaker John Bercow confirmed the chancellor will make a statement to MPs on the governor at 3.30pm.Speculation […]
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Bank of England governance defective, says MP

Three reports published but Bank yet to produce comprehensive review of its role in financial crisis, says Andrew TyrieThe chairman of a parliamentary committee has accused the Bank of England of “defective governance” after it published three reports on the financial crisis that he said failed to tackle how well the central bank performed.Andrew Tyrie, […]
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GDP figures will be relief for Osborne but will not end austerity debate

Anything less than a 0.6% or 0.7% increase in gross domestic product will be seen by the City as a disappointmentThe hint from the prime minister could hardly have been clearer. Taunted by Ed Miliband about what a bad week it had been for the government, David Cameron pointed to evidence in the past week […]
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