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Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest.
Published on
23 March 2006
The guidelines under which the MPC operates provide that departing members observe a 3 month purdah period during which they cannot take up any post that represents a conflict of interest with their role in setting interest rates. Mr Lambert and the Bank have agreed that his new post does represent a conflict of interest.
Press release