The Right Honourable The Lord George GBE PC DL |
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Governor of the Bank of England | |
In office 30 June 1993 – 30 June 2003 |
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Preceded by | Robin Leigh-Pemberton |
Succeeded by | Mervyn King |
Personal details | |
Born |
Carshalton |
16 September 1938
Died | 18 April 2009 St Tudy, Cornwall |
(aged 70)
Nationality | British |
Spouse(s) | Vanessa Williams |
Children | Hon. Liz, Hon. Edward |
Alma mater | Emmanuel College, Cambridge |
Profession | Economist |
Edward Alan John George, Baron George GBE PC DL (16 September 1938 – 18 April 2009), known as Eddie George, or "Steady Eddie", was Governor of the Bank of England from 1993 to 2003 and sat on the board of Rothschild.
George was born and grew up in Carshalton, the son of Alan, a Post Office clerk, and his wife Olive. He attended the independent school Dulwich College on a scholarship. He carried out his National Service at the Joint Services School for Linguists, where he learnt to speak Russian. He attended and graduated from Emmanuel College, Cambridge.
George joined the Bank of England in 1962. Apart from secondments to Moscow State University, the Bank for International Settlements and the International Monetary Fund, he remained there throughout his career.
After three years as Deputy Governor, he was appointed Governor of the Bank of England in 1993, succeeding Robin Leigh-Pemberton, who became Lord Kingsdown, and retired on the completion of his second five-year term of office on 30 June 2003. During the early part of his governance his successful relationship with the former Chancellor Ken Clarke gained for them the nickname of 'the Ken and Eddie Show'. Upon Labour coming to power the Bank was given independence in setting UK interest rates by Gordon Brown, the incoming Chancellor of the Exchequer. He was succeeded as Governor of the Bank of England in July 2003 by Mervyn King.