Mark Carney: Failed
to stop Brexit but hopes
to save Canada• Канада from
populism
Tuesday 07 January 2025 11:05 GMT
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Justin Trudeau• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трюдо, Джастин resigns as Canadian prime minister• Канада » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Канады » Премьер-министр Канады
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Mark Carney came to prominence in Britain as the man hand-picked by George
Osborne to be governor of the Bank of England and help bring financial
stability after the 2008 banking collapse.
But his tenure at the Bank became better known for his failed attempts to stop
Brexit in the 2016 referendum and a rearguard action• Государство » Законы и право » Правовая система России » Акционерное право » Акция (финансы)
• Экономика » Бизнес » Корпоративное управление » Акция (финансы)
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Ценные бумаги » Акция (финансы) to mitigate the disaster
of leaving the EU.
However, while he failed to stop Brexit he now hopes to be the man who can
step in and prevent populists taking control in Canada• Канада .
The economist, 59, who holds British and Irish as well as Canadian
citizenship, has put himself forward to replace Justin Trudeau• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трюдо, Джастин as the next
leader of the Liberal Party in Canada• Канада and become its prime minister• Канада » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Канады » Премьер-министр Канады
• Государство » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады.
open image in gallery
Mark Carney at the UN (Getty Images for Bloomberg Phila)
Carney was the first governor of the Bank of England chosen from outside
Britain when he took up his post in 2013 which lasted until 2020.
Even though he had a strained relationship with Boris Johnson over Brexit he
was still appointed as an advisor by the former prime minister• Канада » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Канады » Премьер-министр Канады
• Государство » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады when he
finished at the Bank of England.
More recently he was unveiled as an advisor to Rachel Reeves a year before
Labour won the election.
It was always understood that he saw the position as a stepping stone for his
political ambitions back in Canada• Канада for when Trudeau• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трюдо, Джастин, a darling of
international liberalism, would eventually step down.
When Osborne appointed him as Lord Mervyn King’s successor he handed him an
expanded remit for the Bank to bring financial supervision for a still reeling
financial sector in the UK following the collapse of Northern Rock• Объект организация » Организации по алфавиту » Организации на No » Northern Rock, HBOSand
the Royal Bank of Scotland• Объект организация » Организации по алфавиту » Организации на Ко » Королевский банк Шотландии.
The then chancellor described Carney as “the outstanding central banker of his
generation”, adding that Mr Carney would bring the “strong leadership and
external experience the Bank needs”.
He said: “Mr Carney is unique amongst the potential candidates in combining
long experience of central banking, huge international credibility in
economics, deep expertise in financial regulation and a first-hand experience
of private sector financial institutions”.
open image in gallery
Justin Trudeau• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трюдо, Джастин has quit as Canadian PM• Канада » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Канады » Премьер-министр Канады
• Государство » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады (AP)
One of his early battles as governor though was not a financial one but
keeping the UK together as he was rolled out as part of the so-called Project
Fear to give warnings about Scottish independence ahead of the 2014
referendum.
In particular he noted that Scotland sharing the UK pound• Экономика » Финансы » Платежные средства » Лира (валюта) would mean an
independent Scotland would in fact lose sovereignty and he made warnings about
Scotland needing a massive increase in foreign currency reserves if it were to
go independent.
The currency arguments were seen as crucial in eventually defeating Alex
Salmond’s push for independence.
He was less successful in his attempts to resist Brexit and left as Governor
in 2020 after Boris Johnson took over as prime minister• Канада » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады
• Объект организация » Организации по алфавиту » Организации на Пр » Правительство Канады » Премьер-министр Канады
• Государство » Государственное устройство Канады » Правительство Канады » Премьер-министр Канады and took the UK out of
the EU. Carney was one of the “experts” that Michael Gove infamously railed
against during the referendum campaign claiming that the British people “had
had enough of them”.
In 2023 he noted that Brexit was responsible for rising inflation• Экономика » Финансы » Инфляция
• Экономика » Макроэкономика » Макроэкономические индикаторы » Инфляция, an argument
which had echoes of his warnings during the 2016 referendum. In 2022 he warned
that Brexit had shrunk the UK economy by 20 to 25 per cent.
Carney was successful in helping to prevent a hard Brexit with no deal which
had been pushed for by a number of the hardline eurosceptics in the Tory
party.
Carney began his career at Goldman Sachs• Объект организация » Организации по алфавиту » Организации на Go » Goldman Sachs and was deputy governor for the Bank
of Canada• Канада in 2003 before his first foray into serious politics as finance
minister with special responsibility for the G7• Объект организация » Организации по алфавиту » Организации на Со » Большая семерка (G7).
Before Mr Osborne reached out to him, Carney had successfully steered Canada• Канада
through the financial crisis• Финансовый кризис of 2008 as governor of the Bank of Canada• Канада.
Carney’s political ambitions have not prevented him from working with parties
of different hues having been appointed by the Tories as Governor and then to
advisory roles and later as an advisor to the current Labour chancellor.
He has held other significant roles such as United Nations special envoy for
climate action• Государство » Законы и право » Правовая система России » Акционерное право » Акция (финансы)
• Экономика » Бизнес » Корпоративное управление » Акция (финансы)
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Ценные бумаги » Акция (финансы) and finance• Государство » Законы и право » Правовая система России » Акционерное право » Акция (финансы)
• Экономика » Бизнес » Корпоративное управление » Акция (финансы)
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Ценные бумаги » Акция (финансы).
But his pitch to the Liberal Party is that he can bring stability and economic
nouse after the turmoil at the end of Trudeau• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трюдо, Джастин’s long premiership.