In response to questioning from the Treasury Committee in July, the Bank of England has brought forward the review of its travel and expenses policy, which has been published today.
Commenting on the publication, Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, said:
“Given the staggeringly high level of expenses claimed by some members of the Bank of England’s policy committees, the review of its expenses policy is welcome. The Bank must now ensure that the new rules are followed in both letter and spirit by all staff across the organisation.
“The Treasury Committee will examine the Bank’s expenses, as well as the review itself, in detail when we take evidence from the Court of the Bank of England in the New Year.”