Trade Union Chief Appointed to Bank of England Board Amid Tax Hike Calls

The Chancellor has appointed three new members to the Bank of England's board, including Paul Nowak, the general secretary of the Trades Union Congress (TUC), who will take on a non-executive director position.

Nowak, a former call centre worker and trade unionist throughout his career, has been leading the TUC's calls to increase taxes on bank profits, arguing that the money raised could help bolster cost-of-living support for households.

The appointments are seen as strengthening the Court at a critical moment for the UK economy, providing deep and varied experience to support the Bank in delivering its core missions of monetary and financial stability.