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What is the true cost of the UK state pension?

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UK's Osborne appoints Citi economist Saunders to Bank of England MPC

Reuters - UK Focus

By David Milliken

LONDON, April 15 (Reuters) - British finance minister George Osborne named Citi's head of European economics, Michael Saunders, on Friday to succeed Martin Weale on the Bank of England's rate-setting Monetary Policy Committee.

Saunders will take over from Weale, a periodic advocate of higher interest rates, on Aug. 9.

"Michael brings a wealth of economic experience both on the UK and global economy and will make a strong addition to the MPC (KOSDAQ: 050540.KQ - news) ," Osborne said. (Reporting by David Milliken, editing by William Schomberg)