THE Bank of England will come under totally new top management following the shock resignation yesterday of deputy governor Paul Tucker.

Published: Sat, June 15, 2013

Paul-Tucker-shocked-the-CityPaul Tucker shocked the City

The popular economist is quitting six months before his contract ends.

He will help incoming governor Mark Carney, who succeeds Sir Mervyn King on July 1, to settle in before leaving in the autumn to end 33 years with the Bank.

Mr Tucker's move also sparked forecasts of further departures.

paul tucker, bank of engladn, deputy chief, quits, early, six, months, contract, mark carney, sir mervyn kingMark Carney will replace Sir Mervyn King as governor of the Bank of England

Mr Tucker's move also sparked forecasts of further departures

Mr Carney now has two deputies to find, as Charlie Bean will go next year after agreeing to stay for an extra year.

Mr Tucker, 55, joined soon after graduating from Cambridge University.

He has built up pension rights over three decades worth £126,000 a year.

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