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 note issues which stop copying of banknotes. They are easily identified by photocopiers. Elizabeth II has appeared on all the notes issued since Series C in 1960. The custom of depicting historical figures on the reverse began in 1970 with Series D, designed by the bank's first permanent artist, Harry Eccleston. In 2015, the Bank of England launched a public competition to nominate historic personalities with links to the visual arts for a future redesign of the £20 banknote. The Governor of the Bank of England asked the public to "think beyond the obvious" when nominating suggestions, with over 29,700 nominations finally