THE RACE to succeed Sir Mervyn King as the next governor of the Bank of England is heating up as potential candidates are embroiled in various scandals.
Formerly the frontrunner, Paul Tucker’s odds slipped after the bad press associated with his contact with ex-Barclays boss Bob Diamond. Lord O’Donnell, the country’s most senior civil servant between 2005 and 2011, is now in the lead, according to bookmaker Paddy Power.
Jim O’Neill of Goldman Sachs is in third place while former Prime Minister Gordon Brown is available to back at 200/1.
Gus O'Donnell 15/8
Paul Tucker 5/2
Jim O'Neill 10/3
Adair Turner 10/3
Stephen Green 7/2