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U.K. Lawmakers Seek Clarity on Appointment of Carney Successor

  • FT reports that Carney may be asked to extend his term again
  • U.K. Treasury says the appointment process is on track
Mark Carney

Mark Carney

Photographer: Simon Dawson/Bloomberg
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U.K. lawmakers asked Chancellor of the Exchequer Sajid Javid to confirm the timetable for the appointment of the next Bank of England governor, in light of reports the process could be delayed.

The Treasury Committee wrote to Javid Wednesday after the Financial Times reported that current governor Mark Carney may be asked to extend his term again if the U.K.’s exit from the European Union is delayed. Javid’s predecessor, Philip Hammond, previously said the appointment would be made in the fall.