UK’s PM should have power to fire BoE governor, politician says

Former minister says Bailey lacks confidence among finance sector and politicians

The Bank of England
The Bank of England

A Conservative politician and former Brexit negotiator has advocated giving the prime minister power to dismiss the Bank of England’s governor.

David Frost, a member of the House of Lords, the UK’s unelected upper legislative chamber, told an audience at the Conservative party’s annual conference: “It’s probably a very controversial thing but I think the prime minister should be able to fire the governor of the Bank of England.” Frost added: “It’s extraordinary to me that he or she can’t.”


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