April 1 (Bloomberg) — The U.K. Treasury has limited the range of views at the Bank of England by appointing people with similar views to its own, according to Ros Altmann, who lost out in a bid to join the Monetary Policy Committee in 2012.

A former director-general of Saga Group, which represents pensioners, Altmann is a long-time critic of the BOE's loose policy and lobbied for officials to consider the impact on savers of its record-low interest rate. In 2012, she applied and was shortlisted for the post of external MPC member, a role that ultimately went to Ian McCafferty.

"I did make it clear at the interview that if they were looking for somebody who speaks the same as them and is from the same background, that isn't me," Altmann said in an interview in London. While the Treasury didn't give her feedback on why she didn't get the job, "I took the inference that's who they were looking for," she said. "I'm not saying at all that I was the best person for the role."

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.