Bank of England boss might have to stay on

The appointment of the next Bank of England governor could be delayed until Britain sorts out the current political chaos.

It’s said Mark Carney’s replacement – due next January 31st – could be on hold until Brexit is finalised, or there’s a general election.

If Brexit is not resolved by its October 31st deadline, Mr Carney might be asked to stay in post.

A Whitehall official told the FT that a decision was also not likely soon because a new government could be in place.

Financial Conduct Authority (FCA) boss Andrew Bailey and deputy BoE governor Jon Cunliffe are thought to be among the shortlisted candidates.

 


About the Author

Philip Braund spent 16 years at the Daily Mirror as a reporter and news editor before moving to ITV. He was the series producer of the ground-breaking investigation programme The Cook Report, Managing Editor at ITV's Millbank Studios, and Head of News at ITV Central. He has won national and regional Royal Television Society awards for documentaries.



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