Sun. Sep 27th, 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?

Continue reading…Live coverage as head of City regulator chosen to lead at Threadneedle StreetFull story: Andrew Bailey appointed head of Bank of EnglandUK consumer confidence increases with better long-term prospects expected 9.01am GMTWhy 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 GMTNow a brief Q&A.Was Brexit a factor? Continue reading…