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.”

He

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.