Jim Armitage: Why we should be grateful for Mark Carney

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In any other year, it would be perplexing that we ever got to a point where senior politicians were calling for Bank of England Governor Mark Carney’s head.  

One of the most respected central bankers, he steered our economy through the shock of the Brexit vote by taking the kind of calm, decisive action of which Westminster is wholly incapable. 

But 2016 is no ordinary year. This is the year in which Michael Gove, a man who almost became Prime Minister, declared Brits had “had enough of experts”.

It is the year in which, egged on by false promises, Britain opted to split from its biggest trading partner on a majority of just 2%.

It is the year in which the same Tory loony fringe that gunned for Carney then turned its attack on Philip Hammond — a sensible chancellor merely trying to point out the complexities of Article 50.

Hammond has to watch his back, but at least with Carney’s decision, we’ve retained one much-needed expert this year — despite Gove & Co’s best efforts.

Source Article from http://www.standard.co.uk/business/jim-armitage-why-we-should-be-grateful-for-mark-carney-a3384121.html

November 2, 2016 |
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