Don’t miss the latest developments in business and finance.

UK denies report it wants Carney to stay on longer at BoE

Image
Reuters LONDON
Last Updated : Aug 28 2018 | 4:26 PM IST

LONDON (Reuters) - Britain's finance ministry denied a newspaper report on Tuesday that the government had asked Bank of England Governor Mark Carney to stay on for an extra year beyond his scheduled departure in June 2019.

"We don't recognise their reporting at all," a Treasury spokeswoman said when asked about a report in the Evening Standard newspaper.

A diary item in the newspaper said the ministry had "quietly approached" Carney about staying another year to provide continuity as Britain leaves the European Union.

"Our position is the same - we plan to start recruitment soon," the ministry spokesperson said.

A spokesman for Prime Minister Theresa May declined to comment on the report.

(Reporting by William Schomberg and William James; editing by Michael Holden)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 28 2018 | 4:18 PM IST

Next Story