Will this man be next Bank of England governor?


As governor Mervyn King approaches the end of his tenure, speculation is mounting over who will take the hot seat at the Bank of England when he steps down.

Former Cabinet secretary Lord O'Donnell of Clapham has emerged as a surprise possible replacement for King despite having never worked at the Bank. According to the Telegraph, Lord O'Donnell - who as Sir Gus O'Donnell was known by his initials ‘GOD' by civil servants - is being talked about in Westminster as a serious contender. A replacement for the £300,000 a year post will be announced in November, following a lengthy selection process, before King - who has served for 10 years as governor - steps down next June. Lord O'Donnell spent three decades in government, including stints...

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