RegulationAccounting StandardsFormer FT editor to head CBI

Former FT editor to head CBI

Digby Jones steps down after long tenure

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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