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Bank of England fat cats blew £20K of public money on four bosses’ leaving dos within weeks

THE Bank of England blew nearly £20,000 of public cash on four bosses’ leaving dos within weeks.

The most lavish was for deputy regulation chief Andrew Bailey and cost £5,430.90.

The Bank’s deputy regulation chief Andrew Bailey enjoyed a £5,430.90 leaving bash
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That included a £2,400 gift, said to be “an artistic depiction of his time at the Bank”, and £467.70 on booze for 250 guests.

Another £5,291.52 went on sending off fellow deputy regulation boss Paul Fisher, leaving after 26 years.

Some £711.12 went on drinks for 200 well-wishers.

South West England chief Stephen Collins got a £4,467.13 farewell at which his 160 guests got through £872.17 of booze.

And £3,324 went on Martin Weale’s farewell after six years on the Monetary Policy Committee.

That included a £416 gift of a bound set of speeches.

Details of last year’s June and July shindigs emerged via Freedom of Information laws.

Bank of England bosses have been told to stop partying like it's 1999
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TaxPayers’ Alliance chief John O’Connell said: “Stop partying like it’s 1999.

"As taxpayers and savers tighten belts, Bank bigwigs splash out on extravagant gifts and boozy knees-ups.”

The Bank declined to comment.