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/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.’

Sign in / register to view full article on one page

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

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Archive

On the road

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

Sorry, this link is not
quite ready yet