Carney ‘to remain in post’ for eight years


Mark Carney is reportedly ready to serve his full eight-year term as Bank of England governor despite demands from pro-Brexit campaigners for his resignation.

The Canadian is likely to make an announcement on his future this week and is “leaning strongly” towards remaining, according to the Financial Times.

However, he will speak to Prime Minister Theresa May and Chancellor Philip Hammond before making a final decision.

There has been speculation he would step down.

Mr Carney has been criticised by some for his conduct during the EU referendum campaign, during which he warned of the economic dangers of a Leave vote.

Backbencher Jacob Rees-Mogg and former chancellor Lord Lawson are among those who have demanded he go.

Mr Carney took the post in 2013 for five years with an option for a further three.

Some have speculated he will leave in 2018.