Wed. Nov 25th, 2020

Chancellor appoints Andrew Bailey as new Bank of England governor – business live

Live coverage as head of City regulator chosen to lead at Threadneedle Street

9.01am GMT

Why has the process taken so long?

It was a carefully considered process, Javid says. I would have made an appointment earlier but felt it was a decision to be made by a new government, Javid says.

8.59am GMT

Now a brief Q&A.

Was Brexit a factor?

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