Bank of England governor URGES Theresa May to reveal more plans for Brexit
DOWNING STREET slapped down Bank of England governor Mark Carney today after he urged the Government to reveal more about its plans for Brexit.
Downing Street slapped down Mark Carney after he urged the government to reveal more Brexit plans
His apparent criticism of Prime Minister Theresa May is the latest episode of tension between them.
Mr Carney said: “It is preferable that firms know as much as possible about the desired end point and as early as possible about the potential path to that end point. Having a degree of clarity, when appropriate, will help promote a smooth and orderly transition.”
But the Prime Minister’s spokeswoman hit back, saying: “What matters most for British business is that we get the best outcome.
His apparent criticism of Prime Minister Theresa May is the latest episode of tension between them
Having a degree of clarity, when appropriate, will help promote a smooth and orderly transition
“We recognise that people want as much certainty as possible. Ultimately, we need to be able to negotiate the best possible outcome and that doesn’t mean showing all our cards at the outset.”
She added that the timing of the “end point” in 2019 was known because Mrs May will trigger two years of formal talks by April.
Mark Carney on the financial impact of Brexit
Asked to assess relations with the Bank, the spokeswoman said: “As good as they have ever been.”