BofE governor should step down after eight years

In a report on the Accountability of the Bank of England, MPs also called for the Treasury Select Committee to have the power to veto the appointment of a governor. The wide-ranging reforms would, if implemented, be a radical shake up of the way the Bank of England operates alongside Parliament. The MPs concluded that a single, non-renewable eight-year term for a governor would ensure the holder of the post was free from political interference but also be forced to move on before becoming obsolete in the role. Since 2009 governors have been allowed to serve two five-year terms. Cur...