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John Gieve – financial fall guy?


John Gieve’s participation in our financial roundtable turned out to be virtually his last hurrah as deputy governor of the Bank of England in charge of financial stability. A couple of days after Prospect was published, news leaked out that he would be stepping down from the post next spring, two years early. What’s more, the news emerged in the most humiliating way possible for Gieve—on the eve of the annual Mansion House speech, when the Bank governor and the chancellor of the exchequer address the bigwigs of the City. It looked as if Gieve had been made the fall…

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