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) bell embossed with the words "The Whydah Gally 1716", making it the world's first (and, as of 2014, the only) fully authenticated pirate shipwreck ever discovered. Humphry's cousin Sir Nicholas had succeeded to the Werrington estate baronetcy in 1690, and with it a very strong electoral interest the boroughs of Launceston and Newport. Humphry asked Nicholas to put him into Parliament in 1710, but as all his seats were already promised, Humphry did not enter the House of Commons until 1713, sitting with Nicholas for Newport. Unlike the Tory Nicholas, Humphry leaned towards the Whigs, and voted in 1714 against