U.K. Chancellor to Advertise for New Governor of BOE, Times Says

Chancellor of the Exchequer George Osborne is to advertise for a new governor of the Bank of England after several candidates dropped out of the race because of the Libor-rigging scandal, according to the Sunday Times.

Remaining candidates have been told that the post will be advertised in the fall in a number of publications and that they should register an official interest then, the newspaper said, citing an unidentified candidate. Mervyn King’s term as governor expires in June.

To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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