Bank of England governor Mark Carney's earned £880k last year

Emma Haslett
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Carney's pay jumped by half after he completed his first full year at the Bank (Source: Getty)

Bank of England governor Mark Carney earned £879,773 last year, the Bank of England reported today.

That figure is half again as much as the £586,010 he earned in 2013/14; however, it also represents the first time he has taken his full pay after he took on the role in July 2013.

Meanwhile, Andrew Bailey, chief executive of the Prudential Regulation Authority, earned £345,973, while Sir Jon Cunliffe, the Bank's deputy governor for financial stability, made £344,502.

Deputy governor for markets and banking Minouche Shafik - who received a CBE at the weekend as part of the Queen's birthday honours - was paid £201,881, while monetary policy chief Ben Broadbent received £230,780.

In 2013 Carney's salary - which includes a £5,000-a-week housing allowance - was heavily criticised by Commons Treasury Committee chief Andrew Tyrie.

"Your current pay in sterling terms is around total remuneration of a third of a million pounds and your total remuneration is going to be in excess of £800,000," he said.

"That's a rather large rise bearing in mind that there is a pay freeze on at the bank.

However, Carney defended his salary, saying he had moved from Ottawa, "one of the cheapest capitals, to one of the most expensive capitals (London)".

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