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Bank of England: Public Appointments

Treasury written question – answered on 9th February 2011.

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Photo of William Bain William Bain Shadow Minister (Environment, Food and Rural Affairs)

To ask the Chancellor of the Exchequer what his policy is on limiting the tenure of future governors of the Bank of England to a single term.

Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury

Under the Banking Act 2009, appointments as a Governor or Deputy Governor are for a period of five years and a person may not be appointed as Governor or Deputy Governor more than twice. At present, there are no plans to amend this arrangement.

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