Cor blimey (former) guv'nor!
Reuters News reports that King, who stepped down as bank governor at the end of June, was presented with a painting of himself worth £10,000, a silver napkin ring costing £597 and a sculpture of Johann Wolfgang von Goethe, the elder statesman of German literature, costing £2,505.
Britain's central bank confirmed the presents and figures on Wednesday following a request for information. The bank, which is ultimately funded by the taxpayer, also footed the bill for three leaving parties costing £10,000.
Bank insiders said the portrait and napkin ring were traditional gifts given to parting central bank governors. The sculpture of Goethe was bought after friends were sounded out.
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