Governor of the Bank of England

HC Deb 15 March 1983 vol 39 cc127-8W

Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether the Government has power to dismiss the Governor of the Bank of England; and in what circumstances.

Mr. Bruce-Gardyne

The Government do not have specific powers to dismiss the governor. Paragraph 8 of the Bank of England charter 1946 does, however, contain provisions under which a governor would be disqualified in certain specific though unlikely circumstances.