Professor Anil Kashyap has been reappointed as an external member of the Financial Policy Committee (FPC).

Professor Kashyap’s first term as an external member of the Financial Policy Committee ends on 30 September 2019. His second 3-year term will end on 30 September 2022.

Michael Saunders has been reappointed as an external member of the Monetary Policy Committee (MPC). His first term as an external member of the Monetary Policy Committee ends on 9 August 2019. His second 3-year term will end on 9 August 2022.

The Chancellor of the Exchequer, Philip Hammond, said:

I am delighted to reappoint Professor Anil Kashyap and Michael Saunders to their roles as external members of the Bank of England’s Policy Committees.

Their expertise has proved invaluable to the FPC and MPC over the last three years, and their reappointments will continue to enhance the stability and credibility of economic and financial policy-making.

The Governor of the Bank of England, Mark Carney, said:

I am delighted that Anil Kashyap and Michael Saunders have agreed to serve second terms on the Financial Policy Committee and Monetary Policy Committee.

Michael’s research into productivity and extensive experience working in financial markets will continue to contribute enormously to the debate on the MPC. And I look forward to the FPC benefiting further from Anil’s insights from academia, creative thinking and willingness to challenge and to sharpen our communications.

Both Anil Kashyap and Michael Saunders were appointed to their first terms following a transparent, externally advertised recruitment process.

Both external members have been reappointed in recognition of their wide-ranging expertise and high performance on the Policy Committees to date.

On 8 April a father and his 7 year old son were dramatically rescued from a dangerous incoming tide at Cowden cliffs, near Hornsea.

The father and son had been walking on the beach when the tide started coming in quickly. They tried to climb the 50ft cliff but got stuck about 35ft up and called for help whilst 10ft waves were breaking beneath them.

Hornsea and Bridlington coastguard rescue teams and Hornsea inshore rescue were called to assist, and although they managed to stabilise the casualties on the cliff, they were unable to carry out the full rescue due to the dangerous environment.

The Humberside coastguard helicopter was called in and winched the pair to the top of the cliff where they were met by the Yorkshire ambulance service.

A coastguard spokesperson said: ‘This father did absolutely the right thing to call the coastguard when he got into difficulty.

‘We would urge people to please remember the tides – it’s so easy to get caught out by quickly moving tide. You can now download apps for your phones that can help keep you safe.’

Safety advice

Walkers should consider whether they could become cut off by the incoming tide and should not attempt to climb cliffs as shortcut back to the top.

Always check the weather and tidal conditions before you set out so that you can prepare accordingly.

Find local coastal weather and local tide times at: tide tables

Don’t take risks, but if you do get into trouble or see someone else in difficulty call 999 and ask for the coastguard.

rescue footage

As part of the River Thames Scheme work to manage environmental impact, further archaeological surveys are being carried out this year.

As part of the River Thames Scheme work to manage environmental impact, further archaeological surveys are being carried out this year.