Appointment To The UK’s Monetary Policy Committee

The Chancellor has today announced to the House of Commons the appointment of Professor David Blanchflower to the Bank of England's Monetary Policy Committee (MPC) to succeed Steve Nickell. This appointment will take effect on 1 June 2006.

The Chancellor said:

"I am delighted that Professor David Blanchflower has agreed to join the Monetary Policy Committee. David is a world class labour market economist and brings a wealth of experience and expertise to the Committee.

"I would also like to pay tribute to Steve Nickell for serving with distinction for six years on the Committee. He has made a major contribution to the MPC and I wish him well for the future."