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) extent of his defalcations was revealed: he had not only swindled the Bank, but abstracted money from a trust fund left for his daughters by their maternal uncle, and still left debts of nearly £150,000. The Bank took action against his widow to attempt to recover its losses, ultimately settling for £12,000 after forty-three years of litigation. Humphry Morice (Governor of the Bank of England) Humphry Morice (c.1671 – 16 November 1731) was a British merchant, MP and Governor of the Bank of England. He inherited his father's trading business around the age of eighteen, and learned finance and speculation