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Gus O’Donnell rules himself out of BofE governor job

Former Cabinet Secretary Gus O’Donnell has ruled himself out of the race to be the next governor of the Bank of England, according to the Financial Times.

The deadline for applicants to replace Mervyn King, who steps down next July, is 8.30am today.

According to the FT, O’Donnell wishes to focus on other priorities and joins Frontier Economics as a senior adviser today.

O’Donnell served as the Cabinet Secretary between 2005 and 2011 and has previously worked for the World Bank and the IMF, as well as the Treasury.

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Comments

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  1. ken170647 youtube 8th October 2012 at 11:39 am

    According to the FT this leaves Tucker and Turner, one who turned a blind eye to Libor fixing, and one who turned a blind eye to the UK banking collapse. Great choice!

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