Lord King, former Governor of the Bank of England, will retire as chairman of the Philharmonia on January 1.
Sir Howard Davies has been appointed as the next Chair of the Board. Davies is a former Deputy Governor of the Bank of England and Chairman of the Financial Services Authority.
All well and good, but the BofE is not a bank that helps out an orchestra when it has trouble meeting the payroll. It’s more macro than that. And an orchestra’s the last place you’d want to see interest cut.