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) contemporaries, his fortune was largely fictitious and he was embezzling from the Bank and his daughters' trust fund. He died suddenly in 1731, perhaps having poisoned himself to forestall the discovery of his frauds, and left behind enormous debts. Humphry was the only son of Humphry Morice (c. 1640–1696), a London merchant trading extensively in Africa, America, Holland and Russia, and his wife Alice, the daughter of Sir Thomas Trollope, 1st Baronet. Because of the early death of his mother, the young Humphry was raised at Werrington, the seat of his uncle Sir William Morice, 1st Baronet. He succeeded his