BoE revamps expenses rules after criticism from MPs
MP says some officials’ expenses claims are “staggeringly high”
The Bank of England has fast-tracked a review of its expenses rules, publishing a new code today (December 14) amid criticism from members of parliament.
The travel and expenses policy is reviewed “at least” every two years. The latest review was brought forward after criticism from members of the UK’s Treasury Committee.
Quarterly expenses disclosures by BoE officials have long courted controversy. The central bank’s two US-based committee members, Anil Kashyap and Don Kohn, tend to clock up
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