Governor of the Bank of England

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Governor of the
Bank of England
Andrew Bailey.jpg
Incumbent
Andrew Bailey
since 16 March 2020
ResidenceLondon, United Kingdom
AppointerChancellor of the Exchequer[1][2] with the approval of the Prime Minister[3] and the Monarch[4]
Term length8 years
Renewable once
Inaugural holderSir John Houblon
Formation1694
Salary£495 000 [5]
WebsiteGovernor of the Bank of England

The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming their successor. The Governor of the Bank of England is also Chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom.

According to the original charter of 27 July 1694 the bank's affairs would be supervised by a Governor, a Deputy Governor, and 24 directors.[6] In its current incarnation, the Bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the Bank.[7]

The 121st and current Governor is Andrew Bailey, who began his term in March 2020.[8]

Governors of the Bank of England (1694–present)[]

Name In office
Sir John Houblon 1694–1697
Sir William Scawen 1697–1699
Nathaniel Tench 1699–1701
John Ward 1701–1703
Abraham Houblon 1703–1705
Sir James Bateman 1705–1707
Francis Eyles 1707–1709
Sir Gilbert Heathcote 1709–1711
Nathaniel Gould 1711–1713
John Rudge 1713–1715
Sir Peter Delmé 1715–1717
Sir Gerard Conyers 1717–1719
John Hanger 1719–1721
Sir Thomas Scawen 1721–1723
Sir Gilbert Heathcote 1723–1725
William Thompson 1725–1727
Humphry Morice 1727–1729
Samuel Holden 1729–1731
Sir Edward Bellamy 1731–1733
Horatio Townshend 1733–1735
Bryan Benson 1735–1737
Thomas Cooke 1737–1740
Delillers Carbonnel 1740–1741
Stamp Brooksbank 1741–1743
William Fawkener 1743–1745
Charles Savage 1745–1747
Benjamin Longuet 1747–1749
William Hunt 1749–1752
Alexander Sheafe 1752–1754
Charles Palmer 1754–1756
Matthews Beachcroft 1756–1758
Merrick Burrell 1758–1760
Bartholomew Burton 1760–1762
Robert Marsh 1762–1764
1764–1766
Matthew Clarmont 1766–1769
William Cooper 1769–1771
Edward Payne 1771–1773
James Sperling 1773–1775
Samuel Beachcroft 1775–1777
Peter Gaussen 1777–1779
Daniel Booth 1779–1781
William Ewer 1781–1783
Richard Neave 1783–1785
George Peters 1785–1787
Edward Darell 1787–1789
Mark Weyland 1789–1791
Samuel Bosanquet 1791–1793
Godfrey Thornton 1793–1795
Daniel Giles 1795–1797
Thomas Raikes 1797–1799
Samuel Thornton 1799–1801
Job Mathew Raikes 1801–1802
Joseph Nutt 1802–1804
Benjamin Winthrop 1804–1806
Beeston Long 1806–1808
John Whitmore 1808–1810
John Pearse 1810–1812
William Manning 1812–1814
William Mellish 1814–1816
Jeremiah Harman 1816–1818
George Dorrien 1818–1820
Admiral of the Fleet Sir Charles Pole 1820–1822
John Bowden 1822–1824
Cornelius Buller 1824–1826
John Baker Richards 1826–1828
Samuel Drewe 1828–1830
John Horsley Palmer 1830–1833
Richard Mee Raikes 1833–1834
James Pattison 1834–1837
Timothy Abraham Curtis 1837–1839
Sir John Reid 1839–1841
Sir John Pelly 1841–1842
William Cotton 1842–1845
John Benjamin Heath 1845–1847
William Robinson April–August 1847
James Morris 1847–1849
Henry James Prescot 1849–1851
Thomson Hankey 1851–1853
John Hubbard 1853–1855
Thomas Matthias Weguelin 1855–1857
Sheffield Neave 1857–1859
Bonamy Dobrée 1859–1861
Alfred Latham 1861–1863
Kirkman Hodgson 1863–1865
Henry Lancelot Holland 1865–1867
1867–1869
Robert Wigram Crawford 1869–1871
1871–1873
Benjamin Buck Greene 1873–1875
Hucks Gibbs 1875–1877
1877–1879
1879–1881
Henry Grenfell 1881–1883
John Saunders Gilliat 1883–1885
1885–1887
Mark Collet 1887–1889
William Lidderdale 1889–1892
1892–1895
Albert George Sandeman 1895–1897
Hugh Colin Smith 1897–1899
1899–1901
Sir Augustus Prevost 1901–1903
Samuel Morley 1903–1905
1905–1907
William Middleton Campbell 1907–1909
1909–1911
Alfred Clayton Cole 1911–1913
Walter Cunliffe 1913–1918
Brien Cokayne 1918–1920
Montagu Norman 1920–1944
Lord Catto 1944–1949
Lord Cobbold 1949–1961
Lord Cromer 1961–1966
Sir Leslie O'Brien 1966–1973
Gordon Richardson 1973–1983
Robin Leigh-Pemberton 1983–1993
Sir Edward George 1993–2003
Sir Mervyn King 2003–2013
Mark Carney 2013–2020
Andrew Bailey 2020–present

See also[]

References[]

  1. ^ Chu, Ben (27 November 2012). "George Osborne gets his man: Mark Carney named as new Bank of England Governor". The Independent. Retrieved 2 April 2020. The panel put forward Mr Carney’s name to the Chancellor, who then consulted the Prime Minister and the Deputy Prime Minister before announcing his decision.
  2. ^ Partington, Richard (20 December 2019). "Andrew Bailey appointed head of Bank of England". The Guardian. Retrieved 2 April 2020. Javid is understood to have decided on Bailey.
  3. ^ Mackenzie, Nell (24 December 2019). "Why didn't the Bank of England appoint a woman?". BBC News. Retrieved 4 April 2020. Andrew Bailey was appointed by the government, not the Bank: chosen by Chancellor Sajid Javid and approved by the prime minister.
  4. ^ "Andrew Bailey announced as new Governor of the Bank of England". Bank of England. 20 December 2019. Retrieved 2 April 2020. The Chancellor has announced that Andrew Bailey will become the new Governor of the Bank of England from 16 March 2020. Her Majesty the Queen has approved the appointment.
  5. ^ "Bank of England: What does the governor do?". BBC.com. 20 December 2019. Retrieved 21 December 2020.
  6. ^ Richards, Richard. The Early History of Banking in England (Rle Banking and Finance). p. 152.
  7. ^ "Court of Directors". Retrieved 2018-07-24.
  8. ^ "Andrew Bailey". www.bankofengland.co.uk. Retrieved 2020-03-16.

External links[]

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