Ex Bank of England governor Mark Carney: Government ‘undermining’ financial institutions

Ex Bank of England governor Mark Carney: Government ‘undermining’ financial institutions

City A.M.

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 Sir Mark Carney, the former Bank of England Governor, has said the government’s mini-budget tax cuts are “working at some cross-purposes” with monetary policy. The economic accused Liz Truss and Kwasi Kwarteng of “undercutting” financial institutions, after last week’s mini-budget sent markets into turmoil, and the pound plummeting.  Speaking to the BBC, his comments came [...]

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