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View the article online at http://citywire.co.uk/wealth-manager/article/a657260

Mark Carney: 'I will not be an emperor'

by Annabelle Williams, Dylan Lobo on Feb 07, 2013 at 11:46

‘Since there is no pension associated with my package I’m advised by court that the package is equivalent to the current governor. The difference is the housing allowance,’ he said.

King was paid a base salary of £305,000 alongside a £300,000 pension allowance during his time as governor, while Carney is being paid £480,000 and a £250,000 housing allowance which is for accommodating his wife and four children during his tenure.

He added that the quarter of a million housing allowance is justifiable since he is moving to a country with one of the most expensive property markets in the world.

Carney also denied he has political ambitions, stating he would have moved in to politics in Canada if he had wanted to.

‘If I had political ambitions I would have pursued them in Canada. I think that is proof I do not have political ambitions.’

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