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
Bank of England Act 1696 Bank of England Act 1708 (7 Ann c 30) (which is section 5 of chapter 7 in Ruffhead's Edition). Sections 1 to 25, 29, 38 to 44, 50, 51, 53 to 61, 63 to 68, 70 and 71 were repealed by section 1 of, and the Schedule to, the Statute Law Revision Act 1867. The whole Act was repealed by section 1(1) of, and Part IV of Schedule 1 to, the Statute Law (Repeals) Act 1973. So much of this Act as related to forging or counterfeiting the Common Seal of the Governor and Company of the Bank of England,