Monday, October 31, 2016

Governor of the Bank of England will relinquish the position until 2019 – Forbes Mexico

The governor of the Bank of England already knows when he will leave the position in June of 2019. As announced the own Mark Carney, noting that it will remain at the front of the body until the end of the Brexit, as it is known the procedure of separation of the European Union (EU).

In a letter to Philip Hammond, minister of Economy, Carney explained that resign on that date because it already should be completed in the process of Brexit, since theoretically it is expected that the negotiations of rupture take two years, once the british government’s active officially in march 2017 article 50 of the Lisbon Treaty.

With this letter, the governor of the bank of england gives clarity on his future, as in the past has been between the sword and the wall to relinquish the position whose period is 2013 to 2018, but with the possibility of extend up to 2021.

The banker promised to help mitigate the uncertainty that can generate the Brexit and to "contribute to an orderly transition in the new relationship between the Uk and the EU".

Lee: Audios reveal the "true" position of May on the Brexit

on the one hand, the members pro Brexit from the Conservative Party to accuse Carney of "politicizing" his office during the referendum campaign to warn of the economic risks that would result from breaking with Brussels; and, on the other hand, the first minister Theresa May has criticized its monetary policy measures to consider that contribute to increase inequality in the Uk.

After replacing Mervyn King in 2013, Carney concludes his mandate in 2018, but he had the possibility to renew until 2021 if I wanted to, thanks to a change in uk law, but you already clarified that you will leave the boat until 2019.

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