The Prospector had an in-depth chat with leading economist and author George Magnus on a wide range of domestic and global economic issues. This is the final part of the interview, which considers the extent to which Mark Carney, the Governor of the Bank of England, can be seen as occupying a political role. Carney’s speech yesterday in Scotland on the subject of the monetary consequences of Scottish independence indicated strongly that, unlike his predecessor, he is willing to adopt highly politicised positions. Carney insisted that his speech was “technocratic,” but its political implications were more than clear.
The interview concludes with remarks on the matter of British membership of the EU, an especially germane subject on this, the day that the government is facing a back bench rebellion over the Immigration Bill: a rebellion intended to raise the prospect of Britain’s departure from the EU, an outcome that Magnus makes clear would not be in the interests of British business.