LONDON (AFX) - Confederation of British Industry chief economic adviser Kate Barker will replace DeAnne Julius as an independent member of the Bank of England's Monetary Policy Committee from June 1, Chancellor of the Exchequer Gordon Brown said. Before joining the CBI in 1994, Barker was chief economist at Ford Europe for nine years. Julius, whose term expires on May 31, is rumoured to be considering options in the private sector.