It has been announced that Sir Mervyn King and Ian Livingston will be joining the House of Lords as life peers.
Sir Mervyn King is the outgoing governor of the Bank of England, a position he has held since 2003. He was previously deputy governor (1998-2003) and served as chief economist and executive director from 1991.
Mr Livingston, the current chief executive of BT, will become minister for Trade and Investment in December 2013, taking over from Lord Green of Hurstpierpoint, as he retires from government.
A title has to be agreed and Letters Patent and Writ of Summons documents must be prepared before they become a member of the Lords.
- Letters Patent are issued by the Queen and create a life peerage.
- The Writ of Summons accompanies the Letters Patent and calls the member to the House.
Once the new member has had a short introduction ceremony, and taken an oath of allegiance and signed the Code of Conduct they can sit and vote in the House.
Image: House of Lords 2013/Photography by Roger Harris