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Treasury stability hire pulls out

The Treasury has been forced back to square one in its bid to appoint an executive overseeing the Bank of England’s efforts to factor financial stability into policy. The Treasury re-advertised for the non-executive director role yesterday, after its mystery top choice pulled out at the eleventh hour. Her Majesty the Queen will make the final appointment, on the recommendation of the Prime Minister and chancellor, of the director who will sit on the Bank of England’s Court of Directors and the Financial Stability Committee.