Dame Minouche Shafik, director of the London School of Economics, is thought to be on the shortlist RICHARD POHLE FOR THE TIMESSajid Javid has insisted that the recruitment of a new Bank of England governor is “on track”, despite the prospect of an imminent election that could delay the process. The chancellor told the Treasury select committee that he would “make the announcement in due course, ahead of the start of the next governor’s term on February 1, 2020”. Baroness Vadera, chairwoman of Santander UK, is another frontrunner TOLGA AKMEN/GETTY IMAGESMPs “will have the opportunity and time to scrutinise the successful candidate after the appointment has been made but before the individual has taken up the role”, he added. Concerns are growing that the Treasury may have to ask Mark Carney to extend his term once again because of the political chaos holding up the process. Philip Hammond set the ball in motion in April, when he…

Source: The Times October 08, 2019 22:52 UTC