This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-37815516
The article has changed 8 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Carney 'tremendous' as BoE chief, says business secretary | Carney 'tremendous' as BoE chief, says business secretary |
| (about 4 hours later) | |
| Business Secretary Greg Clark has said Mark Carney has done a "tremendous job" as governor of the Bank of England, following a report that Mr Carney might choose to step down in 2018. | |
| Mr Carney took over as Governor in June 2013 for an eight year term, but with an option to leave after five years. | Mr Carney took over as Governor in June 2013 for an eight year term, but with an option to leave after five years. |
| On Saturday The Times reported that he was "more likely than not" to choose to return to Canada in 2018. | On Saturday The Times reported that he was "more likely than not" to choose to return to Canada in 2018. |
| It also said that decision could come "within days". | It also said that decision could come "within days". |
| In response the Bank of England said: "Nothing has changed. The governor has said he will make his decision public by the end of the year." | In response the Bank of England said: "Nothing has changed. The governor has said he will make his decision public by the end of the year." |
| Mr Carney has been attacked for his warnings, made before the referendum on European Union membership, that the UK economy would be hit in the event of a vote to leave. | Mr Carney has been attacked for his warnings, made before the referendum on European Union membership, that the UK economy would be hit in the event of a vote to leave. |
| During an appearance before MPs in July he denied that the Bank of England had tried to "frighten" the public about the negative effect a Brexit vote. | During an appearance before MPs in July he denied that the Bank of England had tried to "frighten" the public about the negative effect a Brexit vote. |
| Prime Minister Theresa May has also been critical of the Bank's stimulus scheme for the UK economy - know as quantitative easing, or QE. | Prime Minister Theresa May has also been critical of the Bank's stimulus scheme for the UK economy - know as quantitative easing, or QE. |
| In her speech to the Conservative Party conference, she said that under QE "people with assets had got richer, people without them had suffered". | In her speech to the Conservative Party conference, she said that under QE "people with assets had got richer, people without them had suffered". |
| 'Fantastic job' | 'Fantastic job' |
| Many would like Mr Carney to stay on, arguing that it would provide welcome continuity for business and the economy and may help counter any uncertainty caused by the Brexit negotiations. | Many would like Mr Carney to stay on, arguing that it would provide welcome continuity for business and the economy and may help counter any uncertainty caused by the Brexit negotiations. |
| Speaking to the BBC on Sunday the Business Secretary said: "I think Mark Carney has done a tremendous job, a fantastic job, during his tenure there. It is clearly a decision for him." | Speaking to the BBC on Sunday the Business Secretary said: "I think Mark Carney has done a tremendous job, a fantastic job, during his tenure there. It is clearly a decision for him." |
| Mr Clark was financial secretary to the Treasury when Mr Carney was appointed by the then Chancellor the Exchequer, George Osborne, in November 2012. | Mr Clark was financial secretary to the Treasury when Mr Carney was appointed by the then Chancellor the Exchequer, George Osborne, in November 2012. |
| "I think it was a brilliant appointment," Mr Clark said. | "I think it was a brilliant appointment," Mr Clark said. |
| Former Conservative business minister Anna Soubry has also expressed support for Mr Carney. | |
| "Swift effective measures by Mark Carney mitigated post EU referendum damage to our economy," she said in a tweet. | |
| "Brexiteers should stop undermining Mark Carney; we're fortunate to have someone of his international standing at the helm," she said. | |
| Thursday briefing | |
| On Thursday Mr Carney will hold a press conference following the publication of the Bank's Quarterly Inflation Report and the announcement of the result of its latest interest rate meeting. | |
| The inflation report includes an assessment of how the economy is performing and its outlook. | |
| Last week, official figures showed that economy grew 0.5% in the July to September period, which was stronger than economists had been expecting. | |
| Given that the economy has performed well since June, Mr Carney is likely to be asked about his forecast that it would be damaged in the event of a leave vote. | |
| Journalists are also likely to ask him whether he intends to serve the full eight years as Governor. |