Hogg fiasco to spark new probe by MPs

BANK of England officials could be quizzed by MPs over new governance standards after deputy governor Charlotte Hogg was forced to resign for failing to declare that her brother worked for Barclays.

Nicky Morgan, chairman of the influential Treasury Select Committee, has hinted that the Bank’s Court of Directors will be asked to give evidence on the lessons learned from the embarrassing saga, which saw Hogg step down after just two weeks into her post.

Morgan said: ‘I also expect the committee to hold an appointment hearing for Ms Hogg’s replacement, Sir David Ramsden, at an early opportunity.’