Economics
Carney’s BOE Stay Won’t See Brexit Britain Out of the Woods
- Governor said he will stay at BOE one year longer than planned
- Aims to help secure ‘orderly transition’ out of European Union
Brexit Keeping Mark Carney at BOE Until June 2019
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Theresa May might find the benefits of Mark Carney’s new personal Brexit strategy are rather short-lived.
By choosing to leave the Bank of England in mid-2019 rather than his initial plan of 2018, Carney is giving the economy a helping hand through the end of the U.K.’s split with the European Union. Yet by still declining to serve a full 8-year term through 2021, he’s forcing the prime minister to search for a skilled successor just as those talks reach their climax and executives and investors are coming to terms with what the post-Brexit economy looks like.