§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what representations he made as to whether the previous deputy governor of the Bank of England should resign; and what was the reason for these representations. [17111]
§ Mr. NelsonIt was Mr. Pennant-Rea's own decision to resign. As my right hon. and learned Friend the Chancellor made clear in his letter to Mr. Pennant-Rea, he felt Mr. Pennant-Rea had done an exceptional job as deputy governor and he was sorry that Mr. Pennant-Rea had decided to resign.