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
Stephen, King of England Stephen, King of England Stephen ( – 25 October 1154), often referred to as Stephen of Blois, was King of England from 1135 to his death, as well as Count of Boulogne from 1125 until 1147 and Duke of Normandy from 1135 until 1144. Stephen's reign was marked by the Anarchy, a civil war with his cousin and rival, the Empress Matilda. He was succeeded by Matilda's son, Henry II, the first of the Angevin kings. Stephen was born in the County of Blois in central France; his father, Count Stephen-Henry, died while Stephen was still young, and he was