UK’s PM should have power to fire BoE governor, politician says
Former minister says Bailey lacks confidence among finance sector and politicians
A Conservative politician and former Brexit negotiator has advocated giving the prime minister power to dismiss the Bank of England’s governor.
David Frost, a member of the House of Lords, the UK’s unelected upper legislative chamber, told an audience at the Conservative party’s annual conference: “It’s probably a very controversial thing but I think the prime minister should be able to fire the governor of the Bank of England.” Frost added: “It’s extraordinary to me that he or she can’t.”
He
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