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Friday, December 3, 2021

UK denies report it wants Carney to stay on longer at BoE

UK denies report it wants Carney to stay on longer at BoEUK denies report it wants Carney to stay on longer at BoE

LONDON (Reuters) – Britain’s finance ministry denied a newspaper report on Tuesday that the government had asked Bank of England Governor Mark Carney to stay on for an extra year beyond his scheduled departure in June 2019.

“We don’t recognize their reporting at all,” a Treasury spokeswoman said when asked about a report in the Evening Standard newspaper.

A diary item in the newspaper said the ministry had “quietly approached” Carney about staying another year to provide continuity as Britain leaves the European Union.

“Our position is the same – we plan to start recruitment soon,” the ministry spokesperson said.

A spokesman for Prime Minister Theresa May declined to comment on the report.

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Source: Investing.com

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