Former FT editor to head CBI

Richard Lambert, the former editor of the Financial Times has been
named as the new director-general of the Confederation of British Industry
replacing long-serving and vocal defender of business rights, Digby Jones.

Lambert has stepped down from his position on the Bank of England’s
rate-setting monetary policy committee (MPC) to avoid a conflict of interest.

The Bank said Lambert’s new role could lead to a conflict of interest when it
came to making decisions on interest rates

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