§ Mr. Litterickasked the Prime Minister what qualifications he considers to be necessary in those individuals he recommends for appointment as directors of the Bank of England; and how many of the present directors of the Bank of England have had training in economics up to first degree standard.
§ The Prime MinisterThe Court of Directors of the Bank ought between them to have both a theoretical and practical understanding and experience of banking, economics and financial matters and a wide range of experience of different walks of life and sectors of the economy. In recommending individuals for appointment to the court I bear those needs in mind. I do not regard a first degree in economics as a necessary qualification, but in fact six members of the present court have such degrees.