§ Mr. Nicholas WintertonTo ask the Chancellor of the Exchequer how many people are currently employed by(a) the Bank of England and (b) each of the central banks 664W of each EU member state; what estimate he has made of the number to be employed by the proposed European central bank; at what location; and if he will make a statement. [31947]
§ Mrs. LiddellThe Bank of England currently employs 3,056 full-time and 227 part-time staff. The total number of staff employed by each of the central banks of the EU member states, according to the "Morgan Stanley Central Bank Directory 1998", are displayed in the table.
Member state Staff France 16,544 Germany 16,014 Italy 9,400 Spain 3,256 Greece 3,058 Belgium 2,866 Portugal 1,820 Netherlands 1,596 Austria 1,159 Finland 766 Sweden 754 Ireland 601 Denmark 586 Luxembourg 108 The European Monetary Institute (EMI) currently employs 370 staff. The EMI assumes that the European Central Bank (ECB) will operate with 500 staff, all based in Frankfurt.