Governor of the Bank of England

Senior position in the Bank of England

Governor of the
Bank of England

Seal of the Bank of England

Incumbent
Andrew Bailey

since 16 March 2020

Monetary Policy Committee
Governor and Company of the Bank of England
Residence| London, United Kingdom
Appointer| Chancellor of the Exchequer[1][2] with the approval of the Prime Minister[3] and the Monarch[4]
Term length| 8 years
Renewable once
Inaugural holder| Sir John Houblon
Formation| 1694
Salary| £495 000 [5]
Website| Governor of the Bank of England

The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent choosing and mentoring a successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom.

According to the original charter of 27 July 1694 the bank's affairs would be supervised by a governor, a deputy governor, and 24 directors.[6] In its current incarnation, the bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the bank.[7]

The 121st and current governor is Andrew Bailey, who began his term in March 2020.[8]

## List of Governors of the Bank of England (1694–present)

[edit]

No.  | Name  | In office  | Tenure (years)

|
|
|

1  | John Houblon | 1694–1697  | 3
2  | William Scawen | 1697–1699  | 2
3  | Nathaniel Tench | 1699–1701  | 2
4  | John Ward | 1701–1703  | 2
5  | Abraham Houblon | 1703–1705  | 2
6  | James Bateman | 1705–1707  | 2
7  | Francis Eyles | 1707–1709  | 2
8  | Gilbert Heathcote | 1709–1711  | 2
9  | Nathaniel Gould | 1711–1713  | 2
10  | John Rudge | 1713–1715  | 2
11  | Peter Delmé | 1715–1717  | 2
12  | Gerard Conyers | 1717–1719  | 2
13  | John Hanger | 1719–1721  | 2
14  | Thomas Scawen | 1721–1723  | 2
15  | Gilbert Heathcote | 1723–1725  | 2
16  | William Thompson | 1725–1727  | 2
17  | Humphry Morice | 1727–1729  | 2
18  | Samuel Holden | 1729–1731  | 2
19  | Edward Bellamy | 1731–1733  | 2
20  | Horatio Townshend | 1733–1735  | 2
21  | Bryan Benson | 1735–1737  | 2
22  | Thomas Cooke | 1737–1740  | 3
23  | Delillers Carbonnel | 1740–1741  | 1
24  | Stamp Brooksbank | 1741–1743  | 2
25  | William Fawkener | 1743–1745  | 2
26  | Charles Savage | 1745–1747  | 2
27  | Benjamin Longuet | 1747–1749  | 2
28  | William Hunt | 1749–1752  | 3
29  | Alexander Sheafe | 1752–1754  | 2
30  | Charles Palmer | 1754–1756  | 2
31  | Matthews Beachcroft | 1756–1758  | 2
32  | Merrik Burrell | 1758–1760  | 2
33  | Bartholomew Burton | 1760–1762  | 2
34  | Robert Marsh | 1762–1764  | 2
35  | John Weyland | 1764–1766  | 2
36  | Matthew Clarmont | 1766–1769  | 3
37  | William Cooper | 1769–1771  | 2
38  | Edward Payne | 1771–1773  | 2
39  | James Sperling | 1773–1775  | 2
40  | Samuel Beachcroft | 1775–1777  | 2
41  | Peter Gaussen | 1777–1779  | 2
42  | Daniel Booth | 1779–1781  | 2
43  | William Ewer | 1781–1783  | 2
44  | Richard Neave | 1783–1785  | 2
45  | George Peters | 1785–1787  | 2
46  | Edward Darell | 1787–1789  | 2
47  | Mark Weyland | 1789–1791  | 2
48  | Samuel Bosanquet | 1791–1793  | 2
49  | Godfrey Thornton | 1793–1795  | 2
50  | Daniel Giles | 1795–1797  | 2
51  | Thomas Raikes | 1797–1799  | 2
52  | Samuel Thornton | 1799–1801  | 2
53  | Job Mathew Raikes | 1801–1802  | 1
54  | Joseph Nutt | 1802–1804  | 2
55  | Benjamin Winthrop | 1804–1806  | 2
56  | Beeston Long | 1806–1808  | 2
57  | John Whitmore | 1808–1810  | 2
58  | John Pearse | 1810–1812  | 2
59  | William Manning | 1812–1814  | 2
60  | William Mellish | 1814–1816  | 2
61  | Jeremiah Harman | 1816–1818  | 2
62  | George Dorrien | 1818–1820  | 2
63  | Charles Pole | 1820–1822  | 2
64  | John Bowden | 1822–1824  | 2
65  | Cornelius Buller | 1824–1826  | 2
66  | John Baker Richards | 1826–1828  | 2
67  | Samuel Drewe | 1828–1830  | 2
68  | John Horsley Palmer | 1830–1833  | 3
69  | Richard Mee Raikes | 1833–1834  | 1
70  | James Pattison | 1834–1837  | 3
71  | Timothy Abraham Curtis | 1837–1839  | 2
72  | John Reid | 1839–1841  | 2
73  | John Pelly | 1841–1842  | 1
74  | William Cotton | 1842–1845  | 3
75  | John Benjamin Heath | 1845–1847  | 2
76  | William Robinson | April–August 1847  | 0.3
77  | James Morris | 1847–1849  | 2
78  | Henry James Prescott | 1849–1851  | 2
79  | Thomson Hankey | 1851–1853  | 2
80  | John Hubbard | 1853–1855  | 2
81  | Thomas Matthias Weguelin | 1855–1857  | 2
82  | Sheffield Neave | 1857–1859  | 2
83  | Bonamy Dobrée | 1859–1861  | 2
84  | Alfred Latham | 1861–1863  | 2
85  | Kirkman Hodgson | 1863–1865  | 2
86  | Henry Lancelot Holland | 1865–1867  | 2
87  | Thomas Newman Hunt | 1867–1869  | 2
88  | Robert Wigram Crawford | 1869–1871  | 2
89  | George Lyall | 1871–1873  | 2
90  | Benjamin Buck Greene | 1873–1875  | 2
91  | Hucks Gibbs | 1875–1877  | 2
92  | Edward Howley Palmer | 1877–1879  | 2
93  | John William Birch | 1879–1881  | 2
94  | Henry Grenfell | 1881–1883  | 2
95  | John Saunders Gilliat | 1883–1885  | 2
96  | James Pattison Currie | 1885–1887  | 2
97  | Mark Collet | 1887–1889  | 2
98  | William Lidderdale | 1889–1892  | 3
99  | David Powell | 1892–1895  | 3
100  | Albert George Sandeman | 1895–1897  | 2
101  | Hugh Colin Smith | 1897–1899  | 2
102  | Samuel Steuart Gladstone | 1899–1901  | 2
103  | Augustus Prevost | 1901–1903  | 2
104  | Samuel Morley | 1903–1905  | 2
105  | Alexander Falconer Wallace | 1905–1907  | 2
106  | William Middleton Campbell | 1907–1909  | 2
107  | Reginald Eden Johnston | 1909–1911  | 2
108  | Alfred Clayton Cole | 1911–1913  | 2
109  | Walter Cunliffe | 1913–1918  | 5
110  | Brien Cokayne | 1918–1920  | 2
111  | Montagu Norman | 1920–1944  | 24
112  | Thomas Catto | 1944–1949  | 5
113  | Cameron Cobbold | 1949–1961  | 12
114  | Rowland Baring | 1961–1966  | 5
115  | Leslie O'Brien | 1966–1973  | 7
116  | Gordon Richardson | 1973–1983  | 10
117  | Robin Leigh-Pemberton | 1983–1993  | 10
118  | Edward George | 1993–2003  | 10
119  | Mervyn King | 2003–2013  | 10
120  | Mark Carney | 2013–2020  | 7
121  | Andrew Bailey | 2020–present  | 5

## See also

[edit]

* Banks portal

* Chief Cashier of the Bank of England
* Deputy Governor of the Bank of England

## References

[edit]

1. ^ Chu, Ben (27 November 2012). "George Osborne gets his man: Mark Carney named as new Bank of England Governor". The Independent. Retrieved 2 April 2020. "The panel put forward Mr Carney's name to the Chancellor, who then consulted the Prime Minister and the Deputy Prime Minister before announcing his decision."
2. ^ Partington, Richard (20 December 2019). "Andrew Bailey appointed head of Bank of England". The Guardian. Retrieved 2 April 2020. "Javid is understood to have decided on Bailey."
3. ^ Mackenzie, Nell (24 December 2019). "Why didn't the Bank of England appoint a woman?". BBC News. Retrieved 4 April 2020. "Andrew Bailey was appointed by the government, not the Bank: chosen by Chancellor Sajid Javid and approved by the prime minister."
4. ^ "Andrew Bailey announced as new Governor of the Bank of England". Bank of England. 20 December 2019. Retrieved 2 April 2020. "The Chancellor has announced that Andrew Bailey will become the new Governor of the Bank of England from 16 March 2020. Her Majesty the Queen has approved the appointment."
5. ^ "Bank of England: What does the governor do?". BBC.com. 20 December 2019. Retrieved 21 December 2020.
6. ^ Richards, Richard. The Early History of Banking in England (Rle Banking and Finance). p. 152.
7. ^ "Court of Directors". Retrieved 2018-07-24.
8. ^ "Andrew Bailey". www.bankofengland.co.uk. Retrieved 2020-03-16.

## External links

[edit]

Wikimedia Commons has media related to Governors of the Bank of England.

* List of Governors of the Bank of England Archived 2012-02-12 at the Wayback Machine

* v
* t
* e

Governors of the Bank of England (1694–present)

England
(1694–1707)|

* J. Houblon (1694–1697)
* W. Scawen (1697–1699)
* Tench (1699–1701)
* Ward (1701–1703)
* A. Houblon (1703–1705)
* Bateman (1705–1707)

Great Britain
(1707–1801)|

* Eyles (1707–1709)
* Heathcote (1709–1711)
* Gould (1711–1713)
* Rudge (1713–1715)
* Delmé (1715–1717)
* Conyers (1717–1719)
* Hanger (1719–1721)
* T. Scawen (1721–1723)
* Heathcote (1723–1725)
* Thompson (1725–1727)
* Morice (1727–1729)
* Holden (1729–1731)
* Bellamy (1731–1733)
* Townshend (1733–1735)
* Benson (1735–1737)
* Cooke (1737–1740)
* Carbonnel (1740–1741)
* Brooksbank (1741–1743)
* Fawkener (1743–1745)
* Savage (1745–1747)
* Longuet (1747–1749)
* W. Hunt (1749–1752)
* Sheafe (1752–1754)
* C. Palmer (1754–1756)
* M. Beachcroft (1756–1758)
* Burrell (1758–1760)
* Burton (1760–1762)
* Marsh (1762–1764)
* J. Weyland (1764–1766)
* Clarmont (1766–1769)
* Cooper (1769–1771)
* Payne (1771–1773)
* Sperling (1773–1775)
* S. Beachcroft (1775–1777)
* Gaussen (1777–1779)
* Booth (1779–1781)
* Ewer (1781–1783)
* R. Neave (1783–1785)
* Peters (1785–1787)
* Darell (1787–1789)
* M. Weyland (1789–1791)
* Bosanquet (1791–1793)
* G. Thornton (1793–1795)
* Giles (1795–1797)
* T. Raikes (1797–1799)
* S. Thornton (1799–1801)

Great Britain and Ireland
(1801–1922)|

* J. M. Raikes (1801–1802)
* Nutt (1802–1804)
* Winthrop (1804–1806)
* Long (1806–1808)
* Whitmore (1808–1810)
* Pearse (1810–1812)
* Manning (1812–1814)
* Mellish (1814–1816)
* Harman (1816–1818)
* Dorrien (1818–1820)
* Pole (1820–1822)
* Bowden (1822–1824)
* Buller (1824–1826)
* Richards (1826–1828)
* Drewe (1828–1830)
* J. H. Palmer (1830–1833)
* R. M. Raikes (1833–1834)
* Pattison (1834–1837)
* Curtis (1837–1839)
* Reid (1839–1841)
* Pelly (1841–1842)
* Cotton (1842–1845)
* Heath (1845–1847)
* Robinson (1847)
* Morris (1847–1849)
* Prescot (1849–1851)
* Hankey (1851–1853)
* 1st Baron Addington (1853–1855)
* Weguelin (1855–1857)
* S. Neave (1857–1859)
* Dobrée (1859–1861)
* Latham (1861–1863)
* Hodgson (1863–1865)
* Holland (1865–1867)
* T. N. Hunt (1867–1869)
* Crawford (1869–1871)
* George Lyall (1871–1873)
* Greene (1873–1875)
* 1st Baron Aldenham (1875–1877)
* E. H. Palmer (1877–1879)
* Birch (1879–1881)
* Grenfell (1881–1883)
* Gilliat (1883–1885)
* Currie (1885–1887)
* Collet (1887–1889)
* Lidderdale (1889–1892)
* David Powell (1892–1895)
* Sandeman (1895–1897)
* Smith (1897–1899)
* Gladstone (1899–1901)
* Prevost (1901–1903)
* 1st Baron Hollenden (1903–1905)
* Wallace (1905–1907)
* Campbell (1907–1909)
* Johnston (1909–1911)
* Cole (1911–1913)
* 1st Baron Cunliffe (1913–1918)
* 1st Baron Cullen of Ashbourne (1918–1920)
* 1st Baron Norman (1920–1922)

Great Britain and Northern Ireland
(1922–present)|

* 1st Baron Norman (1922–1944)
* 1st Baron Catto (1944–1949)
* 1st Baron Cobbold (1949–1961)
* 3rd Earl of Cromer (1961–1966)
* O'Brien (1966–1973)
* Richardson (1973–1983)
* Leigh-Pemberton (1983–1993)
* George (1993–2003)
* King (2003–2013)
* Carney (2013–2020)
* Bailey (2020–present)

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