Tim Newark
a barb aimed at the continuing debate within government over the best trade deal we should strike with the EU.
Certainly, we are all impatient for an end to this tedious bickering within Parliament over our future relationship with the EU. But it is not within Carney’s remit to jeopardise confidence in our economy by trying to influence the outcome of this vital debate. It is not his job to back the Remain faction by using Project Fear to inhibit the ability of Brexiteers to get the best deal for Britain.
By catastrophising the possibility of leaving the EU with no deal, he is undermining our negotiating position. As President and businessman Donald Trump knows only too well, the strongest bargaining position is the ability to be able to leave the table without a deal – no matter how much you really want one.
That is why Trump has cancelled his nuclear summit with North Korea. He is prepared to walk away. But apparently Carney and his Remoaner pals are doing everything they can to weaken our ability to do this convincingly. How many times do we have to make it clear that the EU needs us more than we need them?
For a job that is supposed to be non-political, Carney has been anything but that. As a
IT WAS left to Bank of England chief economist Andrew Haldane to apologise for getting the doom-laden predictions wrong, saying it was a “Michael Fish” moment and that they may have turned out to be “just scare stories”.
However, Carney did get something right. Inflation has risen since the Leave vote, as he predicted, because he needlessly cut interest rates straight after the result and boosted a package of stimulus measures by £60billion.
It was unnecessary because the market had already responded to the vote by selling sterling and our economy carried on smoothly. Carney’s pointless cut just sent the pound lower, which ramped up the cost of living as imports subsequently cost more.
Carney has been characterised as the “unreliable boyfriend” because of his dithering over cutting interest rates. I would call him the “unsuitable boyfriend” you wouldn’t want anywhere near your daughter.
Not only has Carney failed to do his job correctly and without political bias but his key economic decisions have actually made our economy worse and a lot less fair for many of our younger generation.
But, hey ho, what does it really matter? At the end of his reign at the Bank of England, he’ll step into some immensely well-paid job alongside his wealthy liberal elite pals. But if he does take a public position back in Canada, God help the Canadians.
‘He has ramped up the cost of living’