Advertisement

Blanchflower: BoE Governor job is 'too big for one person'

Former Monetary Policy Committee member David Blanchflower has told ITV News that the role of Bank of England Governor is "too big for one person."

"It certainly looks like it's too big for one person - it's been hard enough to just control the Bank of England and the FSA," he said.

"We have someone here who is highly-skilled at both regulation and monetary policy, but they're presumably going to have to set up a bureaucratic structure with lots of deputies to deal with it."

He said the hiring of Mark Carney is "clearly a very high-quality appointment."