Question
John Mann
Labour
Bassetlaw
Commons
To ask Mr Chancellor of the Exchequer, whether he has re-offered an extension of contract to the Governor of the Bank of England.
Answered on
17 October 2016
The Financial Services Act 2012 states that the appointment to Governor of the Bank of England is for a period of eight years and that a Governor may not be appointed more than once. The current Governor of the Bank of England was appointed on 1 July 2013 for a term of eight years, but indicated at the time that he would serve until 30 June 2018.
Answered by
Treasury