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
Mervyn Tuchet, 2nd Earl of Castlehaven Mervyn Tuchet, 2nd Earl of Castlehaven Mervyn Tuchet (sometimes Mervin Touchet), 2nd Earl of Castlehaven (1593 – 14 May 1631), was an English nobleman who was convicted of rape and sodomy and subsequently executed. A son of George Tuchet, 1st Earl of Castlehaven and 11th Baron Audley, by his wife, Lucy Mervyn, he was known by the courtesy title of Lord Audley during his father's lifetime, so is sometimes referred to as Mervyn Audley. He was knighted by James I in 1608, before he studied law at the Middle Temple. He served as Member of the Parliament of England for