Bank of England criticised for spending £3,000 on leaving party

The Bank of England has been criticised after splashing out more than £3,000 on a leaving party for former deputy governor Dame Minouche Shafik.

In the latest revelation over party spending at the Old Lady of Threadneedle Street, it emerged that Dame Minouche was treated to a wine and canapes bash costing £3,346 to mark her departure at the end of February to become director of the London School of Economics (LSE).