Mervyn King claimed £26 senior railcard on expenses

A note on the expenses, said the Bank footed the bill for the card "as it provides a discount of a third on all business rail travel", the Telegraph reports. The average user saves £94 a year, according to the senior railcard website run by National Rail. King, who is paid a salary of £305,368, also put the £169.50 cost of a new passport under "accelerated processing" on expenses. A large portion of his costs relate to business travel. In total, his business-related expenses during 2010 totalled £134,546.33, according to the Telegraph. The data also showed the Bank spends almost...