Governor of the
Bank of England
Seal of the Bank of England
Incumbent
Andrew Bailey
since 16 March 2020
Monetary Policy Committee
Governor and Company of the Bank of England
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)

No. NameIn office
1 Sir John Houblon1694–1697
2 Sir William Scawen1697–1699
3 Nathaniel Tench1699–1701
4 John Ward1701–1703
5 Abraham Houblon1703–1705
6 Sir James Bateman1705–1707
7 Francis Eyles1707–1709
8 Sir Gilbert Heathcote1709–1711
9 Nathaniel Gould1711–1713
10 John Rudge1713–1715
11 Sir Peter Delmé1715–1717
12 Sir Gerard Conyers1717–1719
13 John Hanger1719–1721
14 Sir Thomas Scawen1721–1723
15 Sir Gilbert Heathcote1723–1725
16 William Thompson1725–1727
17 Humphry Morice1727–1729
18 Samuel Holden1729–1731
19 Sir Edward Bellamy1731–1733
20 Horatio Townshend1733–1735
21 Bryan Benson1735–1737
22 Thomas Cooke1737–1740
23 Delillers Carbonnel1740–1741
24 Stamp Brooksbank1741–1743
25 William Fawkener1743–1745
26 Charles Savage1745–1747
27 Benjamin Longuet1747–1749
28 William Hunt1749–1752
29 Alexander Sheafe1752–1754
30 Charles Palmer1754–1756
31 Matthews Beachcroft1756–1758
32 Merrick Burrell1758–1760
33 Bartholomew Burton1760–1762
34 Robert Marsh1762–1764
35 John Weyland1764–1766
36 Matthew Clarmont1766–1769
37 William Cooper1769–1771
38 Edward Payne1771–1773
39 James Sperling1773–1775
40 Samuel Beachcroft1775–1777
41 Peter Gaussen1777–1779
42 Daniel Booth1779–1781
43 William Ewer1781–1783
44 Richard Neave1783–1785
45 George Peters1785–1787
46 Edward Darell1787–1789
47 Mark Weyland1789–1791
48 Samuel Bosanquet1791–1793
49 Godfrey Thornton1793–1795
50 Daniel Giles1795–1797
51 Thomas Raikes1797–1799
52 Samuel Thornton1799–1801
53 Job Mathew Raikes1801–1802
54 Joseph Nutt1802–1804
55 Benjamin Winthrop1804–1806
56 Beeston Long1806–1808
57 John Whitmore1808–1810
58 John Pearse1810–1812
59 William Manning1812–1814
60 William Mellish1814–1816
61 Jeremiah Harman1816–1818
62 George Dorrien1818–1820
63 Admiral of the Fleet Sir Charles Pole1820–1822
64 John Bowden1822–1824
65 Cornelius Buller1824–1826
66 John Baker Richards1826–1828
67 Samuel Drewe1828–1830
68 John Horsley Palmer1830–1833
69 Richard Mee Raikes1833–1834
70 James Pattison1834–1837
71 Timothy Abraham Curtis1837–1839
72 Sir John Reid1839–1841
73 Sir John Pelly1841–1842
74 William Cotton1842–1845
75 John Benjamin Heath1845–1847
76 William RobinsonApril–August 1847
77 James Morris1847–1849
78 Henry James Prescot1849–1851
79 Thomson Hankey1851–1853
80 John Hubbard1853–1855
81 Thomas Matthias Weguelin1855–1857
82 Sheffield Neave1857–1859
83 Bonamy Dobrée1859–1861
84 Alfred Latham1861–1863
85 Kirkman Hodgson1863–1865
86 Henry Lancelot Holland1865–1867
87 Thomas Newman Hunt1867–1869
88 Robert Wigram Crawford1869–1871
89 George Lyall1871–1873
90 Benjamin Buck Greene1873–1875
91 Hucks Gibbs1875–1877
92 Edward Howley Palmer1877–1879
93 John William Birch1879–1881
94 Henry Grenfell1881–1883
95 John Saunders Gilliat1883–1885
96 James Pattison Currie1885–1887
97 Mark Collet1887–1889
98 William Lidderdale1889–1892
99 David Powell1892–1895
100 Albert George Sandeman1895–1897
101 Hugh Colin Smith1897–1899
102 Samuel Steuart Gladstone1899–1901
103 Sir Augustus Prevost1901–1903
104 Samuel Morley1903–1905
105 Alexander Falconer Wallace1905–1907
106 William Middleton Campbell1907–1909
107 Reginald Eden Johnston1909–1911
108 Alfred Clayton Cole1911–1913
109 Walter Cunliffe1913–1918
110 Brien Cokayne1918–1920
111 Montagu Norman1920–1944
112 Lord Catto1944–1949
113 Lord Cobbold1949–1961
114 Lord Cromer1961–1966
115 Sir Leslie O'Brien1966–1973
116 Gordon Richardson1973–1983
117 Robin Leigh-Pemberton1983–1993
118 Sir Edward George1993–2003
119 Sir Mervyn King2003–2013
120 Mark Carney2013–2020
121 Andrew Bailey2020–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.
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