Bank of England Rational Expectations Hypothesis as promulgated by Walters The handing over of monetary policy to the Bank had been a key plank of the Liberal Democrats' economic policy since the 1992 general election. Conservative MP Nicholas Budgen had also proposed this as a private member's bill in 1996, but the bill failed as it had the support of neither the government nor the opposition. Mark Carney assumed the post of Governor of the Bank of England on 1 July 2013. He succeeded Mervyn King, who took over on 30 June 2003. Carney, a Canadian, will serve an initial five-year term rather
Humphry Morice (Governor of the Bank of England) he owned over £4,000 of Bank of England stock in 1710, making him eligible to become a director of the institution. Morice did, in fact, become a director in 1716, and continued to hold that office, He was also involved with the launch of the South Sea Company, acting as a commissioner for subscriptions in 1711. Morice several times testified on trade subjects before Parliament: in 1707 on losses in the West Indies trade due to the lack of convoys, and in 1710 and 1713 in favour of dismantling the Royal African Company's monopoly on West African trade. In light