Next Bank Of England Governor Odds – Novelty Betting

Cunliffe could perfect fit for banking's top job

Novelty Betting & Other Events Betting

There are plenty of people prepared to gamble on the UK economy but how about a punt on who will help shape that economy?

Applications are being invited to become the Next Governor of the Bank Of England as Mark Carney prepares to step down after six years in the high-pressure role. Carney was Governor of the Bank Of Canada when appointed by George Osbourne in 2013. Well, actually, the Governor of the Bank Of England has to be appointed by The Queen but she relies on the advice of her Prime Minister, who was at the time was David Cameron. He took the word of his friend and Chancellor that Carney was the man for the job and he has overseen a fairly stable six years, despite the chaos around him and the financial institutions – so who will succeed the 54-year-old?

Raghuram Rajan

The former Governor of the Bank Of India is a leading economist but will need to treat himself away from a book tour if he is to undergo interviews. Further, he’s already said he doesn’t want the job so, despite fitting Philip Hammond’s requirements for someone who could stimulate the economy, he’s available at 5/1 with Ladbrokes.

Andrew Bailey

Bailey has worked at the Bank Of England for 30 years, eventually rising to become deputy Governor. But he would surely have been appointed Governor last year had the Chancellor had any faith in him. He’s been in charge of the Financial Conduct Authority lately but has no record of being able to see or predict the big picture so, though a safe pair of hands, the 2/1 looks too short.

Janet Yellen

Yellen was discarded by Donald Trump as head of the US Federal Reserve Bank but the US President’s judgement is hardly bomb-proof when it comes to public appointees. She could be viewed as the answer to getting rid of 450 billion pounds of government bonds that the Bank has accumulated but may not be the long-term solution – 50/1 with Betway.

Shriti Vadera

Vadera is a Labour peer and former adviser to Gordon Brown, which might count against her, but she’s not close to the currently leadership of that party and there is little doubt that former investment banker has the most business experience of any of the leading candidates. She looks the leading female candidate at 8/1 with Ladbrokes.

Ben Broadbent

Broadbent, like Carney, is a former Goldman Sachs banker but he doesn’t have the charm or the diplomacy of the Canadian. He knows the workings of the Bank Of England but he’s been keeping a low profile lately so wouldn’t be the first name to spring to mind for the top job (a best 10/1).

Jon Cunliffe

Cunliffe helped set the government’s interest rate policy in the 1990s before Gordon Brown made the Bank independent and is generally well regard in Westminster and Whitehall. He also knows his way around the corridors of Brussels so could be a wise appointment with the shadow of Brexit set to hang over the economy for the foreseeable future. The 11/1 with Betway might be the value.

BofENext Governor of the Bank Of England Best Odds

Andrew Bailey    2/1
Raghuram Rajan    5/1
Shriti Vadera    8/1
Ben Broadbent  10/1
John Cunliffe   11/1
Minouche Shafik   12/1
Dave Ramsden and Robert Chote   16/1
Andy Haldane and Sharon White   20/1
Charlie Bean, Ann Pettifor, Adair Turner and Agustin Carstens   25/1
Spencer Dale, Clare Lombardelli, Jason Furman, Andrew Sentance and Haruhiko Kuroda   33/1
Janet Yellen, Mario Draghi, Sue Owen, George Osborne, Danny Blanchflower, Rupert Harrison and Andrea Leadsom   50/1
(Odds correct at 1.15pm April 29)


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