Finishing at the beginning for Bank of England representative

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bank of England agent Paul Fullerton will return to the place where he started his career in finance for his final breakfast briefing on behalf of the central bank.

The Bank’s representative in Yorkshire and Humber is speaking at Aspire in Leeds, the former home of Yorkshire Bank, at an event on January 24 hosted by the Institute of Directors.

Mr Fullerton joined Yorkshire Bank to help pay off his mortgage after gaining a first class degree in economics at Hull University.

He went on to spend nearly 25 years at the bank, rising to hold key positions such as head of business banking and head of retail banking, before losing his job in 1998.

He joined the Bank of England as deputy agent in Yorkshire in 2000 and was promoted to agent in 2006.

Mr Fullerton speaks to around 700 business leaders a year to discuss conditions, which he feeds back to the Bank’s Monetary Policy Committee, which meets each month to set interest rates.

Charlotte Britton, chair of West Yorkshire IoD, said: “We are delighted to be hosting one of the last public engagements Paul is speaking at before his retirement.

“Paul is a popular speaker with a reputation for delivering insightful opinions about the economy and the eurozone.

“Business leaders who attend will glean crucial information to help plan their business for 2012. Being able to understand the tensions and challenges ahead will give them the leading edge.”

The Bank of England has 12 agents and 14 deputy agents and 8,000 business contacts to help inform its decision making.

Juliette Healey is replacing Mr Fullerton as agent in the region. She joined the Bank in 1986 and has worked in a wide range of different roles.

bernard.ginns@ypn.co.uk