Commenting on his decision, Sir Richard said:
"Since leaving the CBI I have spent a period away from work and on reflection I have decided, with great regret, that I do not wish to take up my position as an external member of the Bank of England's interim Financial Policy Committee. I wish to devote my time to a wider range of aspects of public policy. And membership of the committee could place constraints on my ability to do so. Mervyn King, the Governor of the Bank, has been very understanding about my change of plans. I wish the committee every success in the important work which lies ahead of it."
Published on
12 May 2011
Press release