British taxpayers paid a six-figure sum to move Bank of England Governor Mark Carney from Canada to London last year, it emerged today.
The final bill of £102,816 included flights to the UK for the Governor and his wife to hunt for schools for his family - sources say they flew economy class - as well as packing and shipping costs and temporary accommodation.
It is also likely to include the £1300 cost of suspending six parking bays while he moved in to his luxury home last year. The Governor’s vast shipping container squeezed up the street but broke off a huge tree branch, forcing police and the fire brigade to seal off the road.
The relocation bill was paid on top of Carney’s already high salary. Chancellor George Osborne made Carney the highest paid central banker in the world to tempt him to the Bank in 2012 with a total package of £874,000, which includes a £250,000 annual housing allowance.
The Bank’s annual report also revealed a pay rise for deputy Governors for the first time since 2010 in March, as salaries rose 2 per cent to £263985. The four external members of the Bank’s Monetary Policy Committee were each paid £133,091 but these also received a 2 per cent pay rise in March.
Threadneedle Street also bumped up the pay for external members of the Financial Policy Committee from £77,520 to £90,698 and independent directors of the Prudential Regulation Authority to £102,326 “in the light of experience (and) the time commitment involved for the members of each of these committees”.
The largesse contrasts with Chancellor George Osborne’s commitment last year to peg average pay growth across the wider public sector at 1 per cent until 2015/16.