The Bank of England spent nearly £100,000 to throw a summer party for its 2,500 employees and their families, it has been revealed.
The Bank’s annual Governors’ Day event, which was held at its sports ground in Roehampton, south-west London, included a bake-off, a fun run and a treasure hunt, among other things.
The Governors’ Day event saw the Bank spend more than £58,000, excluding VAT, on food and drink, more than £27,000 on entertainment, while £10,400 was spent on other expenses.
Mark Carney racked up more than £50,000 in expenses between March and May
The party cost £95,674 in total, excluding VAT, a freedom of information request by the Press Association has revealed.
The details come just a month after figures showed Carney racked up more than £50,000 in travel expenses between March and May.
Amid rising criticism over high expenses claims from senior officials at the Bank, Carney spent about £16,800 a month between March and May – totalling £50,664 – on foreign business travel, car hire and taxis.
Carney, who earned nearly £900,000 last year, and two of his closest advisers, Donald Kohn and Anil Kashyap, were forced to justify their ‘staggering’ claims to a select committee in June.
The Bank insisted its summer party was ‘carefully budgeted’ and was funded within its expenditure budget.
It said: ‘Governors’ Day is a long-held tradition that is open to all employees including their families, with the aim of recognising their hard work and dedication.
‘The annual event is an important one for all Bank employees, and the Bank strongly believes that this carefully budgeted event is worthwhile.’
But it comes at a time when the UK is reining is spending amid Brexit concerns.
The Bank has warned business investment is predicted to screech to a halt this year as Brexit worries wreak havoc on company spending decisions. House prices are also being held back by no-deal concerns.