A Real Hero [and from my part of the world too - WOLVERHAMPTON] !!!!!

Ian Payne, walsall,

Totally right. The private sector is being urged to accept below inflation payrises this year. My payrise is based on a score in my annual excellent appraisal due to me busting my tail all year and I can expect an amazing 3% increase - currently below inflation. So unfair. Esp as my company made £ms

Lainey, London,

I have always thought it unfair that he and the Bank were blamed for the Northern Rock fiasco. After all, it is the FSA who is responsible for bank supervision.

Alan, Paris, France

This man obviously needs help. I think he should be committed without delay to an appropriate institution and, for the duration of his absence, his rejected raise sent as a donation to the Queen, who is - according to reliable recent reports - losing sleep over her refurbishing expenses.

Gert Eben, Bremen, Germany

Janet, London - He is not to be blamed. He is there to do what he can after Eddie George. The problems were already inherent in our greedy system and as far as the govt is concerned, he is only there so that they can be seen to be regulating the finances of the country. He is saying times are bad.

Glynn, Kingston , Canada

Congratulations to Mervyn King. Of course these enormous salaries are 'inappropiate' and the BoE has already pointed out the dangers of the bonus culture.

William Boyd, Penygroes, UK

An honourable man as compared with our MPs and other bankers such as Diamond of Barclays who is raking it in notwithstanding that the value of his company's shares have dropped so sharply.

David, Poole,

Well its nice to see someone in a position of some authority whos actually "in touch" with the public mood of the moment. Well done Mervyn.

debra steadman, Leicester, UK

I think the key point here is that city bosses "accepted" £7.5bn in bonuses despite the fiasco this year. Public resources are being used to support the financial sector now so the prid quo pro for this should be legislation banning all city bonuses until this mess is sorted out.

stephen, china, china

As a Northern Rock shareholder I have been scathing in previous comments on the UK public authorities.

And I know he gets handsomely rewarded.

But still, this is a positive and all too rare act and fair play to him.

In the City this would be a miracle.

Brian Golden, Dublin, Ireland

Is the Government mad offering him a rise of £100k?

I think his performance should have got him the sack not a pay rise.

Labour politicians do not live in the real world clearly.

At least he's had the decency to reject it - more than can be said for so many incompetent bank plc directors

Janet, London,

Simply put, he's done right by us and shown off the pay review bodies that you can't just award what the country genuinely cannot affort. Hope the govt. doesn't use this as an excuse to curb normal peoples' pay though. I think this also means that Mr King is trying to tell us to tighten our belts.

Glynn, Kingston,

The article points out the loss of pension benefit due to reaching 60. This makes a big difference to the overall package, hence I imagine the large recommended pay rise. Whilst I doubt he needs the money, taking an effective pay cut with such an important job is decent of him.

Nick, Oxford,

CEO's pay should be in performance related bonus.
The BOE have not exactly excelled at hitting their targets.

Having said that, they have probably made the best of a very, very bad job, with Downing st stoking inflation up while pretending down.
On ballance, Merve should get a medal.

Michael, Bay of Plenty, New Zealand

well done , we need a man or woman at number 10 like this. Failing this some one with a heart beat.

tim, sale , lancashire

The reason that the Governor was singled out for a large pay rise is most likely to catch up with overpaid bureaucrats in senior positions within the civil service and local authorities.We should do what Canada has done and reduce salaries on every new appointment at this level, thus filtering below

Tom, Lichfield,

He was offered another £100k, BBC executives got a 17% rise - so it is for the whole public sector. More civil servants, rises and bonuses despite poor performance. With government spending out of control, as the economy slows and so do tax receipts, government borrowing will balloon.

Stephen, London,

I commend his actions. I don't think many people would be prepared to do that. He could have said that he would take only half that amount but he has rejected all of it. I imagine he feels he has enough already and that it would be inappropriate in the current economic climate.

kim domnick, torquay, UK

King is an economist. So there is a chance he is not completely devoid of human decency, which would have been ruled out had he been a politician.

James, Newcastle,

I fear Ian, that he may also have 10 times the level of responsibility that you have. Senior roles, such as Governor of the Bank of England should command a salary commensurate with the market condition.

Note: The payrise would be less than what a Premier League footballer would earn in a week

Anthony, Manchester, England

To be highly respected.......but I'd be quite happy on 300k and the prospect of a 4m pension.

Drew, Trowbridge,

He earns 10 times what I do. Him not maintaining a cost of living for me which is within my means is "inappropriate". The payrise would be "obsence" or perhaps "ludicrous" as opposed to his salary which is merely "offensive".

Ian Griffiths, Merseyside, UK

Good on him! A breathe of fresh air in an otherwise "snouts in the trough" culture!

Graham , Littlehampton,

£4m pension pot is more than the public are allowed post 'A-day'. There are protected professions associated with being very senior civil servants that do not have the punitive taxation rates applied that we have to bear. Ministers and

One rule for the rulers, one for the rest of us.

Andrew, London,