Exchequer Chancellor wouldn’t let go of Canada’s Carney

“George Osborne clearly wouldn’t take ‘never’ for an answer. Britain’s Chancellor of the Exchequer was so bent on reforming the Bank of England, and so certain that Mark Carney was the right person for the job, that he stalked Canada’s chief central banker for months, from Mexico City to London,” Michael Babad wrote for The Globe and Mail late last week. Babad continued, “For his part, Mr. Carney didn’t just say ‘no.’ He said ‘never,’ in an interview with the BBC that put the kibosh on mounting speculation that he was headed for the Old Lady of Threadneedle Street, as the 318-year-old Bank of England is known. Mr. Osborne wouldn’t let go, according to The Financial Times. In meetings from the G20 in Mexico to clandestine interviews in Britain, he wooed the reluctant central banker from his comfortable roost in Canada, where he, his British-born wife and daughters have been ensconced. As the story is told, it had all the makings of the secret dealings in, well, the run-up to a takeover.” Read Michael Babad’s full article here. | Raymond Matt, CFP, CLU, TEP, CHS

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