Summary


HM Treasury advertises for new members for the Bank of England's Court of Directors - the bunch who in theory determine the Bank's objectives and strategy, and ensure it's doing its job, but in reality have no real power, nodding through decisions made by the Governor - and 200 people apply.

Fair enough.

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Extract


City Spy

Even though the post has no clout and only pays Pounds 5000 a year, it carries a certain cachet. But wait. Who gets the two spare slots on the 16-strong body?

Non...

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