Brown Declares Victory - Gongs All Round
Anger over knighthood given to Treasury chief, Nick Macpherson - Times Online
The Treasury’s top official, who was at the helm during the boom before the credit crunch, has been knighted for his role in dealing with Britain’s deepening financial crisis.
The move, as the pound plunged to a record low against the euro and after another slide in house prices, prompted protests that the honour was premature and self-congratulatory.
Critics said that Nick Macpherson, the Permanent Secretary at the Treasury and on an annual salary of £196,400, had been knighted while it was still too early to claim that the £500 billion banking bailout was a success. Sir Nick, 49, a close ally of the Prime Minister,...
There is also an award for Alastair Clark, a former Bank of England expert in financial stability, who was brought out of retirement to help with Northern Rock....
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