The Telegraph report:

Lord King was presented with a £10,000 copy of a painting of himself, a £2,505 replica bust of German writer Johann von Goethe and a silver napkin ring costing £597.

More than £13,000 was also spent on retirement parties for Lord King, including £1,501 on flowers and invitations.

The gifts and parties were all paid for by the Bank, which is publicly owned.

You can read the full story here.

 

I am a journalist and author. I am a journalist at the UK edition of WIRED magazine. In 2015, my first book Freedom of Information: A Practical Guide for UK Journalists, was published. My second book Reed Hastings: Building Netflix, was published in March 2020. I created FOI Directory in 2012 and have maintained it in my spare since ever since.