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Mark Carney needs wooing, not whipping


Swaha Pattanaik 

Swaha Pattanaik Those who wanted to take Britain out of the European Union (EU) need to make a new best friend: Mark Carney. Some of them excoriated the Bank of England (BoE) chief before the June 23 referendum for warning of the economic risks of leaving. Their best bet now would be to woo him, rather than to undermine or dislodge him. The central bank is a pillar of stability at a time of huge turmoil. Britain is in uncharted waters after voting to end its four-decade membership of the European club, and is politically rudderless to boot. Both the ruling Conservatives and the Opposition Labour Party are ...

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First Published: Wed, June 29 2016. 21:22 IST