TOUGH AT THE TOP?

The new governor of the Bank of England has taken over this top post at a time when we are told we will all have to make sacrifices in order to get out of this economic slump. 'The next Governor of the Bank of England, Mark Carney, has been forced to defend his £800,000-a-year deal under questioning from MPs. Mr Carney's base salary of £480,000 is more than that of his US and European equivalents combined – and he will also receive a £250,000 housing allowance on top. ............... Justifying the housing allowance, Mr Carney pointed out that London was a far more costly place to live than his present home city of Ottawa. "I am moving from one of the cheapest capitals in the world to one of the most expensive," he said.' (Independent, 7 February) Mr Carney is an example to us all. He is prepared to scrape by in expensive London on a mere £250,000 housing allowance. RD