Carney’s relocation from Canada cost BoE over £100K, and more moving costs are on the way


When Mark Carney was appointed the Governor of the Bank of England, the upheaval from Ontario in Canada, to London cost the Bank of England £102,816, according to the bank’s annual report.

The bill which Carney racked up was made up of (economy class) flights to search for a home, as well as schools for his four daughters, accommodation and ground transport costs, packing and home removal services, insurance, and other services.

According to City AM, the bank of England has confirmed it will also be reimbursing relocation costs for two other new employees, Kristin Forbes and Nemat “Minouche” Shafik, who have both been appointed to the UK’s interest rate setting committee and will begin work later this year.

Unlike Carney’s costs however, we won’t be able to find out how much the bank pays out as the figures won’t be recorded in the annual report.

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