UK fears Brexit could hurt global hunt for new BoE governor

WASHINGTON - British finance minister Philip Hammond has fired the starting gun for the race to succeed Bank of England Governor Mark Carney, but concerns about Brexit may keep some potential contestants on the sidelines.

The chances are high that the Canadian’s successor was somewhere among the thousands of delegates at the International Monetary Fund’s half-yearly meeting last week, where Hammond told media the process for finding a new governor was “getting underway”. “There may be some candidates who might be deterred from an application because of the political debate around Brexit, which inevitably the governor of the Bank of England can’t avoid being part of,” Hammond said in Washington.Jacob Rees-Mogg last year labelled Carney a “wailing banshee” and a “failed second-tier politician” who gave unfairly negative forecasts of the economic impact of Brexit. Boris Johnson, when foreign secretary, was dismissive of BoE predictions of Brexit damage.

A formal job advert is likely to appear before long, and one key criterion is to be able to effectively represent Britain in international forums like the IMF. The BoE’s structure - with four deputy governors and a chief economist responsible for different areas of monetary policy and regulation - can potentially fill in gaps.

The previous BoE governor is pro-No Deal Brexit. So I don't think it'll be too tough.

How hard can it be to keep getting it wrong?

Why ? Boris Johnson, Nigel Farage or Rees-Mogg whould take that position with happy face, I'm sure, despite no competency in the field, it didn't stop them before, so ....

Pity they have nothing serious to worry about

That's what you feel is a most pressing concern as a result of Brexit?...get a real problem! If the economy is in the toilet, courtesy of Brexit, a mop with stick-on googly eyes will be quite sufficient as the next BoE governor FauxBrexitConcerns

Oh, well. That does it. Cancel brexit! 😂😂

Seriously

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