must have REALLY needed the money
BoE's Carney says UK needs time to find Brexit consensus
WASHINGTON (Reuters) - British politicians could now take some time to find a way forward on Brexit, Bank of England Governor Mark Carney said on Thursday, after Prime Minister Theresa May agreed a delay of up to six months before leaving the European Union.
May, under pressure from her Conservative Party, wants to find a way to leave the EU as soon as possible after losing three votes in parliament on her preferred exit plan and missing a long-planned departure date of March 29.
Britain had been at risk of a sudden, chaotic Brexit at 6 p.m. EDT (2200 GMT) on Friday if EU leaders meeting in Brussels had not approved early on Thursday a delay until Oct. 31.
Carney, in Washington for the spring meetings of central bankers and finance ministers at the International Monetary Fund and World Bank, welcomed the reduced risk of a chaotic no-deal Brexit, and said there was now a “window of time” to forge consensus.
“We will see how that time is used,” he said at a trade policy forum hosted by the Association of Marshall Scholars.
“Right up until yesterday it could be argued that the UK had run out of time to forge that consensus. There are cross-party talks to try to find that, and that may take some time,” he added.
On Tuesday, the IMF cut its 2019 growth forecast for Britain to 1.2 percent, bringing it in line with the BoE’s own outlook and pointing to the weakest outturn since the world’s fifth-largest economy was last in recession in 2009.
Carney said business uncertainty had been pushed “through the roof” by the prospect Britain could leave the EU without any temporary agreement to ensure exports did not suffer border delays or tariffs.
Much-needed investment had been put on hold since Britain voted to leave the EU in June 2016, damaging productivity and storing up economic problems for the future, he added.
https://uk.reuters.com/article/uk-imf-worldbank-carney-uncertainty/uk-business-uncertainty-through-the-roof-boes-carney-idUKKCN1RN2J9?feedType=RSS&feedName=businessNews&rpc=927
Said the ex-Goldman Sachs Banker
Carney spent thirteen years with Goldman Sachs. He worked in their Boston, London, New York City, Tokyo, and Toronto offices.
His progressively more senior positions included: co-head of sovereign risk; executive director, emerging debt capital markets; and managing director, investment banking. He worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's work with the 1998 Russian financial crisis.
In 2003, he left Goldman Sachs to join the Bank of Canada as a Deputy Governor, taking up that position. One year later, he was recruited to join the Federal Department of Finance as Senior Associate Deputy Minister of Finance, beginning that role on November 15, 2004.
https://en.wikipedia.org/wiki/Mark_Carney#Goldman_Sachs
this was moar believable
when you have the BOE head saying " we need to wait and evaluate" means fear-they know it's coming and that proves it. That guy literally walked into that job with very little tangible experience. But let's make him the head of the central bank in the UK.
ahh no since it's posted every bread