Mon, 23 Sep 2019

Chancellor may delay central bank governor appointment

Lola Evans
21 Aug 2019, 17:45 GMT+10

LONDON, UK - A sure sign the UK government has gone into limbo are two measures now being considered, which bring into question the survival of the Johnson government, and the almost certainty, but no absolute guarantee that Britain will exit the EU without a deal.

According to a report by Bloomberg, Chancellor of the Exchequer Sajid Javid may put on hold the appointment of a replacement for Bank of England Governor Mark Carney until after the 31 October EU departure date.

Bloomberg quoted an unnamed source familiar with the situation.

The other issue under consideration is a deferral of the budget to next year, that decision dependent on whether the government is forced to the polls prior to Brexit.

Carney is due to complete his tenure at the UK central bank at the end of January, following his agreement to two extensions.

Andrew Bailey, who heads the Financial Conduct Authority, and Deputy Governor Ben Broadbent may be given the nod to be the next governor, the Bloomberg report said.

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