Almost half a million a year basic. A generous housing allowance. Lots of invitations to swanky conferences, and a fantastic office right in the centre of town. And all the last guy had to do during six years in the job was tweak interest rates three times. That works out at a million per move – and that’s before expenses. Running the Bank of England is, on the surface at least, such a cushy job I might even apply myself. We never even have a decent sterling crisis to contend with any more.
And yet despite that, there are already reports that the Chancellor might have trouble finding anyone to take over from Mark Carney next year. The Treasury advertised the vacancy this morning and started tweeting it out immediately, perhaps in the hope of drumming up some interest.
The problem? The argument is that our departure from the EU means many of the most distinguished central bankers will be reluctant to take on the job.
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