Rachel Lomax
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Rachel Lomax became Deputy Governor of the Bank of England on July 1, 2003.
Before joining the Bank, she was Permanent Secretary at the Department for Transport, having moved there with her Secretary of State Alistair Darling MP when prime minister Tony Blair MP reshuffled his cabinet following the resignation - in highly-charged and controversial circumstances - of the Secretary of State for Transport Stephen Byers MP.
Between 1999 and 2002 Lomax was permanent secretary at the Department for Work and Pensions (previously the Department of Social Security) and, from 1996 to 1999, at the Welsh Office where she oversaw the setting up of the National Assembly for Wales. She was a Vice President and Chief of Staff to the President of the World Bank in 1995-6 and Head of the Economic and Domestic Secretariat at the Cabinet Office in 1994. Her earlier career was spent at HM Treasury, which she joined in 1968 and where she worked on a wide range of macro economic, monetary, and financial issues. She was Principal Private Secretary to the Chancellor of the Exchequer, the Rt Hon Nigel Lawson, in the mid 1980s, and Deputy Chief Economic Adviser in the early 1990s.
Rachel Lomax is on the Board of the Royal National Theatre and of DeMontfort University. She graduated from Girton College Cambridge in 1966 and obtained an MSc in Economics from the London School of Economics in 1968.
| The Bank of England's Monetary Policy Committee |  |
|
|---|---|---|
| Governor: Mervyn King (June 2003–present) | ||
| July 2003-June 2005: | King | Nickell | Bean | Barker | Tucker | Bell | Large | Lambert | Lomax | |
| July 2005-January 2006: | King | Nickell | Bean | Barker | Tucker | Large | Lambert | Lomax | Walton | |
| February 2006-March 2006: | King | Nickell | Bean | Barker | Tucker | Lambert | Lomax | Walton | Gieve | |
| April 2006-May 2006: | King | Nickell | Bean | Barker | Tucker | Lomax | Walton | Gieve | |
| June 2006: | King | Bean | Barker | Tucker | Lomax | Walton | Gieve | Blanchflower | |
| July-August 2006: | King | Bean | Barker | Tucker | Lomax | Gieve | Blanchflower | |
