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The Court of Directors is working for the Anglo/Dutch/Saudi empire - the still-alive-and-kicking hidden hand behind the British Empire of the Victorian age
Originally posted by thewind
reply to post by DragonsDemesne
Yes they sure do, and even the queen of england has to have their permission to enter this realm.
While officially the Governor and the two deputy governors are appointed by the crown, in reality it is the Chancellor of the Exchequer who makes the decision. Therefore, the Chancellor essentially controls seven out of the nine appointments (the governors and the four outside members) and the Bank would prefer more input in the selection of its candidates.