Bank of England: Andrew Bailey tipped as new governor

Bank of England: Andrew Bailey tipped as new governor

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Andrew Bailey has emerged as the frontrunner to become the next governor of the Bank of England.

An announcement by the Treasury, which is in charge of the appointment, is expected on Friday.

Mr Bailey, 60, is currently chief executive of the Financial Conduct Authority (FCA), the City watchdog.

If named, he will become the 121st governor of the Bank of England…

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