More than 330 Bank of England staffers are paid £100k or more. Here’s how their salaries break down
Central banking may be more lucrative than you think. According to the Bank of England’s 2014 annual report, hundreds of staff are on six-figure salaries.
The Bank’s most well known names all seem to make the list. Bank governor Mark Carney is on annual salary of £320,000, with a total remuneration package of £586,010.
Including in the annual report is the cost of relocating Carney and his family from Ottawa, Canada, to London. Efforts to do so cost the central bank £102,816, £10,678 of which was related to the previous 2012/13 financial year.
His predecessor Lord Mervyn King served for just a portion of the 2013/14 financial year, taking home £215,021 in total pay for that period. Members of the UK’s interest-rate setting team, the Monetary Policy Committee (MPC), also feature. MPC members Paul Fisher and Andy Haldane receive the same basic salary of £189,606, while the central bank’s chief operating officer, Charlotte Hogg, is on £259,756.
Excluding those individuals it explicitly names, the Bank also publishes a list of how many staff receive remuneration in excess of £80,000. The figures relate to 2013/14, show the full-time equivalent salary and include base pay and any taxable benefit allowances, but exclude individual performance-related payments and employer pension contributions.
(Source: Bank of England)