Gordon Brown welcomes Bank of England appointment

Following the appointment this week of Sir John Gieve to succeed Sir Andrew Large as Bank of England Deputy Governor for Financial Stability, UK Chancellor Gordon Brown said Sir John brings a wealth of experience to the job.

Welcoming the appointment the Chancellor, Gordon Brown, said:

"I am very grateful to Sir Andrew Large for bringing his considerable experience to the work of the Bank of England and for his contribution in developing the financial stability framework, and in particular for