Mervyn King given £10k portrait as retirement gift

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Sir Mervyn King was handed roughly £13,000 of leaving presents, including a £10,000 portrait of himself when he left the Bank of England in June.

The former governor (pictured) was also presented with a £597 silver napkin ring and a £2,505 bust of the German thinker Johann von Goethe. The gift list was obtained under the Freedom of Information Act by MSN UK. The Bank of England said: “As with previous retiring governors, the bank commissioned a portrait of governor King, and presented him with a copy. This cost £10,000. “In addition, the governor received a replica bust of Johann von Goethe. This cost £2,505. “These costs were met by the Bank, with the approval of the court of directors.” A £4,672 evening reception and...

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