20 December 2012

We're all in this together?

You would not want him to stay in a hovel, would you?

Fresh details of the lucrative financial package required to lure the Bank of England’s first foreign Governor across the Atlantic show that Mark Carney, a Canadian, has landed a housing allowance worth £1.25m over his five-year term.
The £250,000-a-year agreement – signed off by the Bank of England’s non-executive directors – underlined the desperation of Chancellor George Osborne to get his man, leaving the Bank of Canada Governor with a total package worth £874,000 a year.

I suppose that we need to provide him with a sufficient housing allowance to enable him to become accustomed to living in a style that the rest of us can only dream of.  At least, I assume that's the rationale ...

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