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Bank of England chief economist resigns after 32 years

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  • 13/04/2021
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Bank of England chief economist resigns after 32 years
Andy Haldane, chief economist of the Bank of England and member of the Monetary Policy Committee, will step down from his role after 32 years.

 

He will leave after the committee’s meeting in June and become chief executive of the Royal Society for Arts, Manufactures and Commerce (RSA). 

The RSA is a non-profit organisation which aims to address social issues such as unemployment and poverty. 

Haldane has previously led the government’s Industry Strategy Council, which measured the progress of productivity and job creation. He also co-founded Pro Bono Economics, a charity which helps other charities use their data to measure their social impact. 

He will begin his post at the RSA in September and the Bank will advertise for a successor in due course.  

Haldane (pictured) said: “The bank is a fantastic institution and I loved my 32 years in public service there. I will miss hugely my brilliant colleagues and friends but know that, under Andrew Bailey’s exceptional leadership, they will continue to serve the people of the UK with distinction.   

I am thrilled to have the opportunity to lead another great British institution, the RSA. For 250 years, it too has served society with distinction, combining the very best of public service, commercial innovation and civic participation.   

He added: “I am delighted to be helping write the next chapter in the RSA’s illustrious history.   

Andrew Bailey, governor of the Bank of England, said: “Andy Haldane has been an exemplary public servant over his more than three decades at the bank, making major contributions to the bank’s work in financial stability and monetary policymaking.  

He has also been an imaginative and creative thinker on the wide range of issues the UK economy faces, as well as helping create and drive forward new ways for the bank to engage with the public. He will be sorely missed but I know the RSA will be well served by him as chief executive.” 

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