Clegg Said to Have Role in Picking King Successor as BOE Chief
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Deputy Prime Minister Nick Clegg will have a say in the appointment of the next Bank of England governor, boosting the chances of candidates who take a tough line on banks such as Financial Services Authority Chairman Adair Turner and the former civil-service chief, Gus O’Donnell.
The involvement of the Liberal Democrat leader stems from the 2010 coalition agreement with Prime Minister David Cameron’s Conservatives, according to two officials with knowledge of the process. A Liberal Democrat official who asked not to be identified because the discussions have yet to begin said the party sees the appointment as the most significant of any that the government will make.