BoE deputy governor resigns

Following a damning report by the Treasury Select Committee, Charlotte Hogg has resigned after four years at the central bank

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"I recognise that being sorry is not enough. We, as public servants, should not merely meet but exceed the standards we expect of others" - Charlotte Hogg

Charlotte Hogg, the Bank of England’s new deputy governor, has resigned from her post following a report from the UK Treasury Select Committee that found she “falls short of the very high standard required to fulfil the additional responsibilities of deputy governor for markets and banking”.

In a letter to the BoE governor Mark Carney, and to the chair of the Court of the central bank, Anthony Habgood, she offered her resignation “in recognition of the fact that I made a mistake in not declarin