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Bbc Business Correspondent Joins Bank Of England

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They say the BBC is unbiased and the Bank of England independent.

The Bank of England today announces two changes to its Executive Team. Andrew Bailey, Executive Director, Banking Services and Chief Cashier, will become Deputy Head of the Prudential Business Unit of the FSA on 1 April. The move is in anticipation of the formation of the Prudential Regulation Authority in early 2013, of which Andrew Bailey will become deputy chief executive.

The Court of the Bank of England today approved Chris Salmon as his replacement with effect from 1 April.

Court also approved Nils Blythe as the Bank’s interim Executive Director, Communications with effect from late March, while Jenny Scott is on Adoption Leave for a year.

Notes to Editors

Andrew Bailey joined the Bank in 1985, starting in the International Divisions, before moving to Banking Supervision. This was followed by his first appointment in Banking Services, as senior manager for Policy, Risk and Special Operations. He then became the Governor’s Private Secretary, before being appointed as Head of the International Economic Analysis Division in Monetary Analysis until the end of 2003. He returned to Banking Services as Chief Cashier at the beginning of 2004.

Chris Salmon joined the Bank in 1991 in the Economics Division. In 2000 he was seconded to the IMF for two years, after which he was appointed Head of the Bank’s International Finance Division. Chris was the Governor’s Private Secretary for three years before being appointed Head of the Sterling Markets Division in 2009.

Nils Blythe has worked with the BBC since 1988, most recently as the BBC Business Correspondent. Prior to that, Nils presented BBC Business Today on BBC News 24. He has also been a reporter on “The Money Programme” and a business correspondent on “Today”.

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They say the BBC is unbiased and the Bank of England independent.

What is Adoption leave?

can we all take this at public expense?

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What is Adoption leave?

can we all take this at public expense?

If you adopt a child, you may have the right to 52 weeks of Statutory Adoption Leave. Find out more about qualifying for Statutory Adoption Leave and how to tell your employer that you want to take it.

To qualify for Statutory Adoption Leave, you must:

•be an employee

•be newly matched with a child by an adoption agency ('matched' means that the adoption agency gives you the details of the child they think is suitable for you to adopt)

•have worked continuously for your current employer for at least 26 weeks before the beginning of the week when you are matched with a child

If you are adopting a child you are fostering, you must be matched for adoption by a recognised agency to be eligible for Statutory Adoption Leave or Pay.

You must give your employer documentary proof to show that you have the right to paid Statutory Adoption Leave. This is usually a matching certificate from your adoption agency. The adoption agency must be recognised in the UK.

You will not qualify for Statutory Adoption Leave or Pay if you:

•arrange a private adoption

•become a special guardian

•adopt a stepchild

•have a child through surrogacy

http://www.direct.gov.uk/en/Parents/Moneyandworkentitlements/WorkAndFamilies/Adoptionrightsintheworkplace/DG_10029406

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They say the BBC is unbiased and the Bank of England independent.

Salmon - In 2000 he was seconded to the IMF for two years

An 'insider' stooge working for the shady, usury financiers of the World who destroy countries?

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Thanks for the link Redhat Sly.

Interesting that Brendan Paul Barber, Esq. General Secretary, Trades Union Congress is a member of the Court and then there's the two Tuckers which I presume to be related although of course having the same surnames could just be a coincidence.

It would be interesting to know what the TUC man has to say about the affect out of control inflation has on peoples income but of course he doesn't appear to have a role on the MPC.

Edited by billybong

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Thanks for the link Redhat Sly.

Interesting that Brendan Paul Barber, Esq. General Secretary, Trades Union Congress is a member of the Court and then there's the two Tuckers which I presume to be related although of course having the same surnames could just be a coincidence.

It would be interesting to know what the TUC man has to say about the affect out of control inflation has on peoples income but of course he doesn't appear to have a role on the MPC.

Got one!!

I only posted the link to the court members to see if anyone mentioned Brendan Barber being on it. I was surprised when I found out a couple of weeks ago.

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Got one!!

I only posted the link to the court members to see if anyone mentioned Brendan Barber being on it. I was surprised when I found out a couple of weeks ago.

I was also a little surprised to see the Santander bloke and the AIA bloke embedded so high in "The Court". Santander from Spain and AIA from Asia.

For sure it's probably a good idea to have close links to companies with links all over the world to keep an eye on developments (as well as keeping the best talent of course - in case they go off to work in Dubai :unsure: ) but I was surprised they were so high up the chain and started to wonder what affect that might have on UK policy interests if any.

I suppose these days there's so few British companies able to offer the worldwide linkage that there's less to choose from.

It was also interesting to see that the UK energy sector (and Dyno Rod) are represented by Centrica in that Court.

Edited by billybong

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It was also interesting to see that the UK energy sector (and Dyno Rod) are represented by Centrica in that Court.

They need Dyno Rod to clear up all the shit left by the rest of them.

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They need Dyno Rod to clear up all the shit left by the rest of them.

Then they also have other areas of expertise.

Dyno-Secure specialises in:

gaining entry to buildings and cars

replacing/fitting locks and grilles

on-site cutting and safe opening

Some of the guv's meetings at The Court of Bankers must be really fascinating.

Edited by billybong

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I was also a little surprised to see the Santander bloke and the AIA bloke embedded so high in "The Court". Santander from Spain and AIA from Asia.

The strange thing about the Santander bloke is that he has to leave on 28th Feb because he joins Lloyds on 1st March. The BoTfSiE see this as a possible conflict of interest. So why wasn't it a conflict while he worked at Santander as they now own lots of UK banks? He only joined June 2009 when Santander had already bought loads. If it is a conflict of interest how come he was allowed to stay at the bank for months after it was known he was joining Lloyds?

Note also on the court is:

Ms Susan Rice, FCIBS D.BA

Managing Director of Lloyds Banking Group Scotland

Following his appointment as Chief Executive of Lloyds Banking Group with effect from 1 March 2011, it has been mutually agreed by Mr Horta-Osório and the Court of the Bank of England that, because of possible conflicts of interest, it would be inappropriate for him to remain as a Non-executive Director of the Bank of England from that date. He will therefore cease to be a Non-executive Director of the Bank on 28 February 2011.

Sir David Lees, Chairman of the Court of the Bank, said, “António Horta-Osório has contributed strongly to the workings of the Court of the Bank of England since his appointment on 1 June 2009. I would like to take this opportunity on behalf of his colleagues and myself of thanking him for his considerable efforts and wishing him every success in his new role.”

http://www.bankofengland.co.uk/publications/news/2010/086.htm

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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