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PM May supports Carney staying on as BoE Governor

Staff Writer | October 31, 2016
Theresa May has given her backing to Bank of England Governor Mark Carney as doubts swirl around whether he will stay beyond his initial contract.
Theresa May
Britain   Absolutely the best man for the job
On Monday the Prime Minister's official spokeswoman said May felt the Canadian was "absolutely" the best man for the job and will "certainly be supportive of him going beyond his five years", which are currently due to end in mid 2018.

Amid arguments about the Bank's independence, there has been rising speculation that Carney would step down due to complaints and pressure to resign by pro-Brexit politicians and commentators over the economic warnings he gave ahead of the EU referendum in June.

The 10 Downing spokeswoman said Carney had a good working relationship with the Prime Minister but the choice of whether to stay or go was "clearly a decision for him".


 

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