Too much secrecy in appointing the Bank's MPC

Writing in the Financial Times on Friday 7 July, UK shadow chancellor George Osborne says the appointment process to the Bank of England's Monetary Policy Committee has been brought into sharp focus with the MPC down to seven of its full complement of nine members.

Gordon Brown will have his work cut out to replace two such able men as David Walton and Richard Lambert, it says.

"The chancellor is hindered by his own appointments process, which leaves much to be desired. It is secretive and at t