Outrage at Carney’s Brexit warning
BANK of England Governor Mark Carney was told to stop “talking down Britain” yesterday after he said Britain would be “better off without Brexit”.
Mr Carney, an integral part of then-chancellor George Osborne’s attempts last year to frighten people off voting Brexit, said the public must understand the Bank was ready to take action to curb inflation.
It would also support the wider financial system to make sure banks and building societies “can withstand whatever shock might come with whatever type of deal we have” with the EU, he told ITV’s Good Morning Britain.
Britain, he said, had fallen down the league of G7 nations. He added: “That’s part of this process of adjustment, it is a short-term issue.”
Richard Tice, of Leave Means Leave, called on Mr Carney to focus on “the economic benefits of Brexit rather than constantly talking down Britain”.
Meanwhile, the European Commission was accused of trying to sabotage the City of London by planning to offer the UK the same trade deal as Canada, which covers only trade in goods.
The news raised further questions over the worth of continuing Brexit talks amid reports Theresa May is to offer the EU £40billion as a divorce bill/ transition deal.
Mr Tice said: “It is becoming more and more evident that we must walk away from these negotiations – that will trap us in a bad deal – and move to World Trade Organisation rules.”
WHY is the Governor of the Bank of England so determined to talk down the British economy? Mark Carney has been at it again, complaining that Britain has fallen down the league of G7 nations and making dark remarks about the drop in UK annual retail sales.
There was no mention of UK unemployment, currently at a 42-year low, or a recent hike in productivity or a steady inflation rate. Just more of the same doom-mongering and this from the man whose duty is to look after our economic outlook, not give every impression of hoping that it will crash and burn.
In fairness Mr Carney did make the point that the Bank would do all it could to support the economy but the fact remains that such negativity is doing nothing and no one any actual good.
What it does reveal, however, is that a certain number of the establishment are still furious that the majority didn’t do as they were told and instead voted to leave the EU.
Mr Carney would do well to remember that this is a democracy and we abide by the wishes of the majority.
He might also like to take a glance at the economies of southern Europe, especially Greece, and the way that they have been brought to their knees by EU membership.
And thank his lucky stars that he is not at the head of a central bank trying to deal with that.