Lambert will not take up seat on Bank’s FPC
Sir Richard Lambert, a former member of the Bank of England's Monetary Policy Committee, will not take up his seat – as planned – on the Bank's interim Financial Policy Committee (FPC).
Lambert, who is also a former director-general of the Confederation of British Industry (CBI), a trade body, said on Thursday: "Since leaving the CBI I have spent a period away from work and on reflection I have decided, with great regret, that I do not wish to take up my position as an external member of the
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