Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a655209

King successor Carney to be grilled by MPs

by Sarah Miloudi on Feb 01, 2013 at 07:00

Mervyn King's successor Mark Carney will face a grilling before MPs in the Treasury Select Committee (TSC).

Carney, who takes over from King this summer, has been called before the committee on Tuesday when he will be asked about his surprise appointment as Bank of England governor, the selection process and his thoughts on monetary policy and financial stability.

Some 56 other applicants had hoped to fill King's shoes, but chancellor George Osborne said Britain had been able to 'attract the world's best' by recruiting Bank of Canada and former Goldman Sachs banker Carney for the role.

Although his attendance at the Treasury Select sees Carney follow a number of high profile individuals attending sessions - with former Barclays boss Bob Diamond, King and his deputy Paul Tucker all asked to appear in recent months - he is no stranger to being outspoken about policy changes he believes will power growth in the UK.

At the beginning of the year he vowed to put economic expansion at the top of the agenda when he takes over from King as governor, and even broached the idea of ditching inflation targeting.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the shares

  • Barclays PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

On the road

Click here to find out more from the Audience Development team.

Read more...

Standard Life denies it's in talks to buy London HQ

by Dylan Lobo on Jul 29, 2014 at 14:25

Sorry, this link is not
quite ready yet