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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.

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