Every month is probably a busy month for the Governor of the Bank of England, Mark Carney, but September and October seemed especially so. The quiet Remainer was asked in September by the Chancellor, Philip Hammond, to extend his tenure for a further seven months, which Mr Carney responded positively to. From Mr Hammond’s perspective, it is one way of ensuring some form of stability somewhere.
Mr Carney has so far managed to hold back from anything too outspoken, only pitching in on the odd occasion when he can’t help himself. It now seems that he has waited to feel secure in the job before really letting loose.
No sooner had news of the extension broken and the Governor was speaking out with a warning that a no-deal Brexit could be equal in severity to the 2008 financial crash. By November, however, the whips had got to him as he provided some surprisingly quick and positive support for Theresa May’s draft withdrawal agreement and was even the one who suggested a possible extension to the transition period.
Whatever his reasons for the support, Mr Carney must have also come to the conclusion that adding to the backbiting cannot possibly be the strategy for which he should be remembered.
Stewarding a steady recovery from the recession and a “smooth and successful Brexit” – now that’s more like it. But surely that can’t involve armchair commentary every now and again during the lead up to the UK’s departure?