King criticises brown over MPC - papers 30th June

According to The Financial Times, Mervyn King has criticised Gordon Brown for an unclear and “very informal” approach to choosing new members of the Bank of England’s monetary policy committee. The Bank of England governor’s remarks to the Treasury select committee were the first public sign of the Bank’s irritation at the length of time the chancellor is taking to announce a replacement for Richard Lambert, who left in March to head the CBI employers’ organisation. The sudden death last week of David Walton, another of the MPC’s four members appointed by the chancellor from outside t...