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Bloomberg
The prospect of Bank of England (BOE) governor Mark Carney extending his term of office garnered mixed reactions from UK lawmakers.
Carney told Parliament that he would be open to lengthening his tenure for a second time to help the UK’s transition out of the EU. The Financial Times reported later that he will stay until 2020 in a plan backed by Prime Minister Theresa May.
John McDonnell, UK opposition Labour Party’s Treasury spokesman, told Bloomberg that he would welcome the Canadian staying longer.
Conservative lawmaker Jacob Rees-Mogg, a long-standing critic of the governor, said on LBC radio that speculation about Carney’s future was demeaning for the role, and called on him to leave on his scheduled departure date in 2019. “Given the instability created by the government’s mishandling of Brexit I would welcome him staying on,†McDonnell said.