Carney hints he may lead Bank for eight years

MARK Carney has refused to rule out serving a full eight-year term as governor of the Bank of England, saying he has ‘so much more to do’.

The Canadian previously insisted he did not want to lead the Bank for longer than five years.

This was thought to be a key demand made by the former Bank of Canada governor when he accepted the job offer from Chancellor George Osborne in 2012.

Carney later told MPs he wanted to fit in with his daughters’ education and could achieve what he wanted to in five years.

But in an interview with the Financial Times, the 50-yearold hinted he may be warming to the idea of sticking it out until the summer of 2021, having started as governor in July 2013.

He said: ‘I’m not crossing off dates on the calendar.

‘I don’t see anything that’s changed… I mean, there is so much more to do at this institution internationally, and as part of what this institution’s doing to really ensure that we’ve a strong, sustainable, balanced recovery.’

The job is there if Carney wants it – he was officially appointed for the full eight-year term.

But this might not be welcomed by everyone. He has been criticised for his policy of ‘forward guidance’, and for blowing hot and cold on when interest rates will rise.

SERIAL director Sir Nigel Rudd is to stand down as chairman of Heathrow in September after nine years and three terms. During his tenure the airport has undergone huge change and it is at a critical point in its life as ministers delay a decision on whether to build a third runway. Heathrow boss John Holland-Kaye said Rudd, pictured, had guided the board on matters including the sale of airports and a regrouping of the airports firm to focus on Heathrow. His time on the board was capped by last year’s opening of Terminal 2, marking the end of an £11bn investment programme at Heathrow, Europe’s largest airport.