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 Day Mervyn Day Mervyn Day (born 26 June 1955 in Chelmsford, Essex) is a former professional footballer who played in the Football League as a goalkeeper for West Ham United, Leyton Orient, Aston Villa, Leeds United, Luton Town, Sheffield United and Carlisle United. He later managed Carlisle United. He was formerly chief scout at Leeds United. He was educated at Kings Road Primary School, attended also by another famous West Ham player, Geoff Hurst, and King Edward VI Grammar School, Chelmsford. He represented Essex Schools at all levels and was picked for the England Schools squad six times, though he did