Economics
May Quitting Throws Bank of England Governor Race Into Unknown
- Choice of BOE head will inevitably by affected by new PM
- A Brexiteer or Labour finance chief could make the decision
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Theresa May’s resignation threatens to turn the race to lead the Bank of England on its head.
A new prime minister -- and the new chancellor of the exchequer that might accompany them -- could have very different priorities from May and Philip Hammond, potentially opening the door for a different slate of candidates for the top BOE job. The finance chief is the one formally responsible for making the appointment.