Unlike Mr. Pecora, Andy lacked a specific parliamentary mandate. He investigated out of his own initiative from his office in Threadneedle Street: first as the Head of the Systemic Risk Assessment Division; then as Executive Director for Financial Stability; and finally, since June 2014, as Chief Economist and member of the Monetary Policy Committee of the Bank of England.
Fragmentation of labour time is shown in the diverging results of compensation per employee and compensation per hour worked. For some workers this is a positive development,13 allowing them to participate in the workforce where previously they may have been unable. But for others, the greater individualisation of roles can lead to insecurity, in turn affecting households’ income and spending.