UK denies report it asked mark Carney to stay longer in England

  • UK denies report it asked mark Carney to stay longer in England
    Independent.t. E.
    The Ministry of Finance of great Britain has denied a newspaper report Tuesday that the government had asked the Governor of the Bank of England Governor mark Carney to remain for an additional year beyond his departure in June 2019.
    https://www.independent.ie/business/world/uk-denies-report-it-asked-mark-carney-to-stay-longer-at-boe-37259825.html
    https://www.independent.ie/business/article36950032.ece/c5b81/AUTOCROP/h342/2018-05-27_bus_41247583_I1.JPG

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The Ministry of Finance of great Britain has denied a newspaper report Tuesday that the government had asked the Governor of the Bank of England Governor mark Carney to remain for an additional year beyond his departure in June 2019.

“We don’t accept their statements at all”, press-Secretary of the Treasury said when he was asked about an article in the newspaper “evening standard”.

A diary item in the newspaper said that the Ministry “quietly approached” Carney about staying for another year to provide continuity as the United Kingdom leaves the European Union.

“Our position remains the same – we plan to soon begin hiring,” a Ministry spokesman said.

Representatives of the Prime Minister Theresa may and the Bank of England declined to comment on the report.

The value of the pound has fallen sharply since April, as investors concerned at the lack of progress in talks quarter and month.

Carney agreed to serve five years, instead of the usual eight, as Governor of the Bank of England when he moved from his native Canada to the UK in 2013. In 2016, shortly after British voters choose to leave the EU, he agreed to stay another year, keeping him in the job until June 30, 2019.

Carney said in July that he did not intend to change this plan.

The evening Standard reported government officials struggled trying to find a candidate strong enough to replace it.

The people most inclined to become a successor to Carney became Andrew Bailey, the regulator with 30 years experience in England. Currently, he heads the Office of financial regulation, one of the main controllers of the country for the financial services industry.

The evening Standard under the editorship of former Finance Minister George Osborne, who appointed Carney to the Bank of England.

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