Bank of England's Lambert to leave MPC

Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.

Lambert's resignation from the nine-member MPC came as the 61-year-old was named as the new boss of the Confederation of British Industry (CBI) - Britain's biggest business association. The CBI said Lambert was to replace its outgoing boss Digby Jones, who has led the

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