MPs have raised concerns about the political neutrality of Bank of England governor Mark Carney ahead of the general election.
According to The Times, politicians including Mark Field, Conservative MP for Cities of London and Westminster, and John Mann, Labour MP for Bassetlaw, have suggested Carney has formed a pact with chancellor George Osborne (pictured) to keep interest rates low until after the general election.
Field told the paper he was sceptical that the Bank of England could be ‘genuinely independent’ so close to an election. He suggested an ‘unspoken understanding’ between the Bank and the Treasury.
The Bank and the Treasury denied there was any deal, which would breach the principle of independence given to the Bank in 1997, The Times reported.