Theresa May Defies Brexiteer Tories To Back Bank Of England Governor Mark Carney

Speaking on BBC Radio 4’s Today programme, Hannan said: “It’s up to him [Carney] – if he does stay, it’s got to be on the basis he’s not the rockstar banker who presumes to tell Scotland whether to stay in Britain, which way to vote, but rather sticks narrowly to his brief.”

“I’m fairly sure Mervyn King [Carney’s predecessor] voted to leave the EU but he wouldn’t say so, even having left the office, because he didn’t want retrospectively to politicise it and that’s the difference,” he said.

“As a matter of observable fact, he has tended to get things wrong, he’s got interest rates repeatedly wrong, he said when he first took over he put them up when unemployment fell below 7 per cent in 2013… he said he’d raise them at the beginning of this year – that was ignored.

“He said that during the [Brexit] campaign, if we voted Leave unemployment would rise and as a matter of observable fact unemployment has fallen since the vote and the economy expanded by 0.5 per cent in the third quarter since the vote.”

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