Bank of England governor Mark Carney racked up £50,000 in travel expenses

Bank of England governor Mark Carney racked up £50,000 in travel expenses

Bank of England governor Mark Carney racked up £50,000 in travel expenses over just three months

  • Carney spent about £16,per month between March and could &ndash 800; total of £50,664
  • Governor and advisers had to justify ‘staggering’ claims to a select committee
  • Donald Kohn and Anil Kashyap claimed £390k from December 2015 to February

Hannah Uttley City Correspondent For The Daily Mail

Mark Carney (pictured on April 7) spent about £16,per month between March and could &iquest 800; totalling £50,664 ¿ on foreign business travel, car hire and taxis

Mark Carney (pictured on April 7) spent about £16,800 per month between March and could ¿ totalling £50,664 ¿ on foreign business travel, car hire and taxis

Mark Carney (pictured on April 7) spent about £16,800 per month between March and could – totalling £50,664 – on foreign business travel, car hire and taxis

The Bank of England governor spent a lot more than £50,000 on travel for 90 days work just, it’s been revealed.

Amid rising criticism over high expenses claims from senior officials at the lender, Mark Carney spent about £16,800 per month between March and could – totalling £50,664 – on foreign business travel, car hire and taxis.

It employs Mr Carney, who earned &pound nearly;900,year 000 last, and two of his closest advisers, Donald Kohn and Anil Kashyap, were forced to justify their ‘staggering’ in June claims to a select committee.

MPs heard that Mr Carney racked up expenses greater than £300,from December 2015 to February 2018 &ndash 000; equal to £11,a month &ndash 100; while Mr Mr and Kohn Kashyap claimed a combined £390,000.

Further analysis by the Daily Mail revealed top brass at the lender have claimed £1million in little over 2 yrs.

The Bank was blasted by critics who said the enormous sums had ‘disturbing’ echoes of the MPs’ expenses scandal.

Following the hearing, a senior Bank official said it could ‘refresh&rsquo and review; its travel and expenses policy and are accountable to MPs back.

Nicky Morgan, chairman of the Treasury select committee, said: ‘The committee shall keep a watchful eye on the review, and its effect on the Bank’s expenses.’

However, the most recent figures show that in the 90 days prior to the hearing, along with Mr Carney’s £50,664, Mr mr and Kohn Kashyap claimed expenses totalling a lot more than £54,000 between them.

Mr Kohn spent nearly £31,000 on travel, including just three return flights from Washington to London and an additional £595 on car taxis and hire.

Mr Kashyap splashed out £22,266 on three return flights from Chicago to London and an additional £337 on car expenses and hire.

The Bank of England is owned by the federal government and part-funded by taxpayers, but additionally raises money by investing cash with respect to building banks and societies.

MPs heard that Mr Carney racked up expenses greater than £300,from December 2015 to February 2018 000. Pictured: THE LENDER of England 

MPs heard that Mr Carney racked up expenses greater than £300,000 from December 2015 to February 2018. Pictured: THE LENDER of England 

MPs heard that Mr Carney racked up expenses greater than £300,000 from December 2015 to February 2018. Pictured: THE LENDER of England 

In June, Mr Carney attemptedto defend the vast sums, saying that overseas travel expenses were justified.

But John O’Connell, of the TaxPayers’ Alliance, night that the most recent figures showed the lender of England was &lsquo said last;out of touch’. ‘An acceptable expenses bill to obtain the working job done is a very important factor, but taxpayers shall battle to know how bills often the common wage are stacked up,’ he said.

‘The governor has already been among the best-remunerated public sector employees before perks such as this and a housing allowance, so when ordinary families pay their very own bills from their hard-earned salaries it’s little wonder they start to see the public sector elite aswell out of touch.’

The Bank of England didn’t return requests for comment.       

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