Mark Carney named new Bank of England governor

Mark Carney looks forward to 2019

Mark Carney, governor of Canada's central bank, has been named as the new governor of the Bank of England by George Osborne. Some think it a surprise choice but these choices are never really surprises. He takes up his new post in May.

With a think tank advising that economic life will be gloomy for Britain until 2018 at least, Mr Carney has his work cut out seeing that the UK economy is guided back into shape. Whilst he may not have total power to rectify previous mistakes, it would be nice to see that he speaks up about all the shadowy systems that have evolved and that transparency in the financial markets is to be welcomed. Dealing with dodgy bankers and fickle tax fiddlers is a must.

He is a Canadian who has agreed to take on British citizenship. I hope he passes the test.

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