Mark Carney agrees to stay at Bank of England until January 2020

Mark Carney will see Britain through Brexit

Carney was previously set to leave his role in June 2019 but has been persuaded to stay on by Chancellor Philip Hammond.

In the months after Britain voted to leave the European Union, however, he committed to an additional year as governor, citing "the importance to the country of continuity during the UK's Article 50 negotiations".

"Accordingly, I am willing to do whatever I can in order to promote both a successful Brexit and an effective transition at the Bank of England".

Nigel was responding to the news that the Governor of the Bank of England, Mark Carney, will remain in his post longer than expected to "support continuity" in the economy.

"I deeply appreciate your support and that of the Prime Minister".

"I would like to take this opportunity to thank you for the important contributions you have made to monetary and financial stability in the United Kingdom".

Last month he warned that the risk of a "no deal" divorce with the European Union was "uncomfortably high" and "highly undesirable".

NAFTA Talks To Resume This Week
The office of Foreign Affairs Minister Chrystia Freeland confirmed that she would be meeting with U.S. Dairy trade is one of the final sticking points as part of the NAFTA talks between the USA and Canada.

After Mr Carney signalled he was likely to stay last week, infuriated Brexiteers warned "Project Fear wouldn't be the same without Carney's regular Grim Reaper pronouncements".

Following the hearing, Mrs Morgan said: 'Stability is vital during this important period.

Carney's credentials in providing stable leadership during the tumultuous market conditions that followed the shock Brexit vote confirm him as a steady hand at the tiller in times of stress.

Having an inexperienced leader at Threadneedle Street at such a moment would nearly certainly be unhelpful.

The front-runner to succeed Mr Carney is widely seen to be Andrew Bailey, the chief executive of Britain's Financial Conduct Authority and a former deputy governor at the BoE.

"I think a governor who is leaving at the end of June with his bags already packed would be in a poor situation to represent the what might be some critical and time-critical negotiations over that period, trying to find practical solutions to situations that might arise", Hammond said.


  • Ajax Director Overmars Rules Out Inter Target de Jong Leaving In January

    Ajax Director Overmars Rules Out Inter Target de Jong Leaving In January

    However, Overmars is adamant de Jong will not be leaving the club, even if Barca were to make an improvement on Tottenham's offer. He added: "He is doing very well now, but we have often had Dutch players who first played very well, but later became less".
    Turkey stuns market with massive interest rate hike

    Turkey stuns market with massive interest rate hike

    Mr Erdogan, who has called himself an "enemy of interest rates", chose his son-in-law, Berat Albayrak, as finance minister in July.
    Rajini's '2.0' teaser: Chitti, Crow Man fight it out

    Rajini's '2.0' teaser: Chitti, Crow Man fight it out

    The teaser for Rajinikanth's latest film 2.0 dropped on Thursday morning and quickly crossed a million views on YouTube. Rajinikanth played a scientist, devoid of the usual style and attitude fans associate with him on screen.
  • Tottenham Hotspur without Dele Alli and Hugo Lloris against Liverpool

    Tottenham Hotspur without Dele Alli and Hugo Lloris against Liverpool

    That is a massive lesson for everyone, he was the first to tell me he made a mistake". But of course we're not God, that we can judge people.
    World leaders bid farewell to diplomat Kofi Annan

    World leaders bid farewell to diplomat Kofi Annan

    Mourners in traditional black and red attire filled the main hall of the Accra Conference Centre, which sits about 4,000 people. Cleaner Akwo Kwame Johnson, from neighbouring Ivory Coast said he wanted to pay his last respects to " our great father ".
    Florence's winds and rain begin lashing Carolinas

    Florence's winds and rain begin lashing Carolinas

    Hurricane Helene and Tropical Storm Joyce are far out in the Atlantic and pose no immediate threat to land, forecasters said. The National Hurricane Center says the outer rain bands of Hurricane Florence are approaching the coast of North Carolina.
  • Carlos Ramos says he's 'fine' after U.S. Open

    Carlos Ramos says he's 'fine' after U.S. Open

    Will rules change in Serena's matches? "I have a daughter, and I stand for what's right for her", Williams shouted. Tennis Association and Women's Tennis Association both came out in support of Williams .
    First Look At The Last Remnant Remastered For PS4

    First Look At The Last Remnant Remastered For PS4

    Below you can enjoy the trailer for the North American market, alongside a batch of screenshots showing the enhanced visuals. Now, with The Last Remnant Remastered players both new and old can once more take part in this immersive adventure.
    Ericsson and Industry Partners Advance 5G Commercial Readiness in North America content=

    Ericsson and Industry Partners Advance 5G Commercial Readiness in North America content=

    Ericsson has signed a multi-year, $3.5 billion contract with T-Mobile for the operator's nationwide 5G network deployment. T-Mobile and Ericsson have signed a $3.5 billion agreement to build out T-Mobile's 5G infrastructure.
  • Missy Elliott and her ‘funky white sister’ collaborate for ‘Ellen’ performance

    Missy Elliott and her ‘funky white sister’ collaborate for ‘Ellen’ performance

    During the second chorus of the song, a hyped-up Missy walks on stage as Halsey stops rapping as a result of her shock. The reaction was so positive that she continued to perform the tune over the years. "Everybody wants to hear it".
    Russell Westbrook underwent arthroscopic surgery

    Russell Westbrook underwent arthroscopic surgery

    He started in all 67 games he appeared in for the Atlanta Hawks last season, averaging 19.4 points and 6.2 assists per game. Westbrook suffered a right knee injury in the 2013 playoffs and underwent three operations on the knee that year.
    Apple introduces iPhone XR

    Apple introduces iPhone XR

    As you can see, however, this deal is only good for a limited time, and only applies to iPhone XS models. The cameras on the XS and XS Max have pretty much the same specs as those of the departing iPhone X .


Latest news

Amazon's Jeff Bezos Unveils $2 Billion Philanthropic Fund
Insanely rich human being Jeff Bezos announced today his intention to do something he rarely ever does: philanthropy. Until now, Bezos has made only small initial steps into giving.

New Hall of Famers: Allen, Nash, Kidd and Hill
Welts started as a ball boy for the Seattle SuperSonics and is now the president and COO of the Golden State Warriors . I would come out to the floor thinking I was early, and he was already out there, and Reggie had a Superman shirt.

Hurricane Florence Rocks Wooden Pier in Nags Head
The track also shifted somewhat south and west, throwing Georgia into peril as Florence moves inland. Many shallowly rooted trees will be snapped or uprooted and block numerous roads.

People flee as 'catastrophic' Hurricane Florence sweeps towards America
We've pulled together some of the key elements that explain why officials are so anxious , and what damage Florence could cause. Florence, however, continues to threaten the east coast as a fierce storm that could trigger flooding as far south as Georgia.

Median Household Income Rose 1.8% in 2017, Census Bureau Figures Show
Median household income is generally viewed as the best gauge of how a typical middle-class home is faring financially. The economy added 2.2 million jobs in 2017, with the unemployment ending the year at 4.1 percent.

WNBA Finals: Seattle Storm sweeps Washington Mystics to claim championship, Twitter reacts
As much as the team may be disappointed with not winning a championship right now, the Mystics did have a successful season. As she won her first WNBA title, she did let out a huge scream or jump up and down in unbridled joy.

IPhone battery replacement price hike is coming: Here’s what it’ll cost
Throughout 2018, Apple has been offering out-of-warranty battery replacements at a discount for some iPhone models. In camera, iPhone features a 12 megapixel camera with f/1.8 aperture size with wide angle lens.

NASA gets inside look at large and powerful Hurricane Florence
People in areas vulnerable to the risky hurricane, particularly those in coastal regions, have fled ahead of the storm. Water kills more people in hurricanes than wind, and the rain and storm surge will make Florence extremely risky .

UK Battles 2 Monkeypox Cases From Nigerian Travellers
Health officials said that although infection is usually mild, and the disease doesn't spread easily, severe cases can be fatal. Symptoms generally appear within ten days of exposure to the virus and can last for between two and five weeks.

Apple No Longer Bundles 3.5mm Audio Dongle With New iPhones
Apple hasn't publicly explained itself, though chief executive Tim Cook may explain the firm's thinking in a future earnings call. It has the same upgraded technology as the iPhone XS phones, and you can take Bokeh portrait shots with the help of software.

Aung San Suu Kyi admits Rohingya crisis 'could have been handled better'
But he also said he wished Aung San Suu Kyi had talked more about investment, "especially to Rakhine State". Their imprisonment has prompted an global outpouring of support, including a call for their release by U.S.

Brown Signs Law Setting Goal of 100 Percent Clean Electricity by 2045
California Governor Jerry Brown delivers his final state of the state address in Sacramento, California, U.S., January 25, 2018. It's working toward a goal to reduce greenhouse gas emissions by 40 percent over the next 12 years.

Rashford developing quicker than Ronaldo did - Southgate
They have a hard job to do and they have big squads in the top six, with huge competition for places. Dominic Solanke, another of Southgate's favourites, has yet to feature for Liverpool this season.

Pope to meet US bishops over sex abuse scandal
Pope Francis will meet with US cardinals and bishops Thursday to discuss the sex abuse scandal , according to the Vatican. DiNardo's deputy Jose Horacio Gomez and general secretary Brian Bransfield also attended the closed-door meeting.

The biggest announcements from Apple's iPhone Xs event
It is worth noting that Apple has reportedly discontinued select handsets including iPhone X , iPhone 6S and iPhone SE in the US. Usually the new iPhone reaches Doha on the same day through grey market but will be priced exorbitantly higher than actual price.

Other news